Source document or voucher

Source document or voucher

1. SOURCE DOCUMENT OR VOUCHER

2. INTRODUCTION BUSINESS TRANSACTIONS ARE USUALLY EVIDENCED BY AN APPROPRIATE DOCUMENTS SUCH AS CASH MEMO,INVOICE,SALES BILL,PAY- IN- SLIP,CHEQUE,SALARY SLIP,ETC .A DOCUMENT WHICH PROVIDES EVIDENCE OF THE TRANSACTIONS IS CALLED THE SOURCE DOCUMENT OR VOUCHER.ACCONTING VOUCHERS MAY BE CLASSIFIED AS CASH VOUCHERS,DEBIT VOUCHERS,CREDIT VOUCHERS,JOURNAL VOUCHERS,ETC

3. TRANSACTION VOUCHER A TRANSACTION WITH ONE DEBIT AND ONE CREDIT IS A SIMPLE TRANSACTION AND THE ACCOUNTING VOUCHERS PREPARED FOR SUCH TRANSACTION IS KNOWN AS TRANSACTION VOUCHER

4. TRANSACTION VOUCHER NAME OF THE FIRM: VOUCHER NO: : DATE : DEBIT ACCOUNT : CREDIT ACCOUNT : AMONT( RS ) : NARRATION : AUTHORISED BY: PREPARED BY: AUTHORISED BY : PREPARED BY:

5. COMPOUND VOUCHER VOUCHER WHICH RECORDS A TRANSACTION THAT ENTAILS MULTIPLE DEBIT/CREDIT IS CALLED COMPOUND VOUCHER. COMPOUND VOUCHER MAY BE DEBIT VOUCHER CREDIT VOUCHER

6. DEBIT VOUCHER NAME OF THE FIRM: VOUCHER NO : CREDIT ACCOUNT : AMOUNT : DATE: S.NONARRATION CODE ACC’NO AMOUNT NARRATION AUTHORISED BY: PREPARED BY:

7. CREDIT VOUCHER NAME OF THE FIRM: VOUCHER NO: DATE: DEBIT ACCOUNT: AMOUNT: AUTHORISED BY: PREPARED BY: S.NO CODE ACC.NO AMOUNT NARRATION(EXPLANATION)

8. COMPLEX VOUCHER ORJOURNAL VOUCHER TRANSACTIONS WITH MULTIPLE DEBIT AND MULTIPLE CREDITS ARE CALLED COMPLEX TRANSACTIONS AND THE ACCOUNTING VOUCHER PREPARED FOR SUCH TRANSACTIONS IS KNOWN AS COMPLEX VOUCHER ORJOURNAL VOUCHER

9. JOURNAL VOUCHER NAME OF THE FIRM: VOUCHER NO: DATE: DEBIT ACCOUNT S.NO CODE ACC.NO AMOUNT NARRATION (EXPLANATION)

10. CREDIT ACCOUNTS S.NO CODE ACC.NOI AMOUNT NARRATION (EXPLANAION) AUTHORISED BY: PREPARED BY:

11. CONCLUSION VOUCHER MAY BE PREPARED SHOWING NECCESSARY DETAILS AND GOT APPROVED BY APPROPRIATE AUTHORITY WITHIN THE FIRM.THESE MUST BE PRESERVED IN ANY CASE TILL THE AUDIT OF THE ACCOUNTS AND TAX ASSESSMENTS FOR THE RELEVANT PERIOD ARE COMPLETED.

12. THANKS