Types of vouchers used in accounting

types of vouchers used in accounting

The voucher is an internal accounting control, which ensures that every payment is properly authorized.
However, when the payment is made in the form of a crossed account payee cheque, the signature of the receivers is not mandatory.
For example, if you are paying an electricity bill in cash, the two ledgers involved will be power expenses cash.As soon as it is signed the same is recorded in the books of accounts. .Accounting Vouchers, accounting vouchers are the secondary or subsidiary vouchers which are made on the basis of other supporting vouchers that were issued by third parties.When a reservation is made through the internet, customers are often provided a voucher through email or a web site that can be printed.Debit vouchers are based on other supporting vouchers.Accounting Voucher: These vouchers are prepared on the basis of supporting vouchers by the accountant of the company and which are countersigned by an authorised signatory.

So, Please help me with a quick solution for passing entries in lesser time with ease.
A voucher is a written document which is used by the companys accounts payable department to gather and file all supporting documents which are required for approving the payment of a liability.
A voucher is produced usually after receiving a vendor invoice, after the invoice is successfully matched to a purchase order.
It can even be receipt of rent which has been received from the landlord, credit note and debit note.
Find complete details for Various types of vouchers in accounting like What is a Voucher?, What are the various types of Vouchers?, Details for Receipt Voucher, Details Payment v en d laplace kortingsbonnen Voucher, Details for Non-Cash or Transfer Voucher or Journal Voucher, Supporting Voucher.Also known as receipt vouchers, these are the written evidence of cash receipt.Petrol Bills attached with the conveyance vouchers are a good example of Supporting Vouchers.A voucher is a bond of the redeemable transaction type which is worth a certain monetary value and which may be spent only for specific reasons or on specific goods.He can either be the manager or accountant.(b) Bank receipt voucher it indicates receipt of a cheque or demand draft.e.Uncollected vouchers do not deserve payment.

According to the law, a document is legal only if it contains a revenue stamp.
The term voucher is also a synonym for receipt and is often used to refer to receipts used as evidence of, for example, the declaration that a service has been performed or that an expenditure has been made.