Sources of Accounting Vouchers
Meaning of Voucher Voucher can be any form. It is an evidence for business transaction. It just needs to act as evidence of a transaction not the look of it that matters. They are also called sources of document that help to identify the sources of transactions. Accounting reports are taken as truthful financial information; hence all accounting records have to be based on facts and carefully supported by documentary proof. These documents, which provides the authenticity of happening of a transaction and event, are known as source documents. The following major sources of documents are listed as follows: Cash Memo: A seller creates cash memo and gives to buyer in the case of cash sales. Invoice or Credit Bill: A seller creates invoice usually for credit transaction with specific due date for payment. Receipts: It is a proof of document that state the details of financial transaction that received from sellers or creditors. Payments: It is a proof of document that state