Accountancy, asked by arman1832, 6 months ago

accounting vouchers is prepared for ​

Answers

Answered by Anonymous
17

Answer:

A voucher is a pre-numbered accounting document used to process payments. This is prepared after supporting documents are matched to ensure that amounts are correct. It can be electronic though, often, it is a paper document

Answered by tripathiakshita48
0

Vouchers serve as proof of transactions made in accounting books. When a supplier's invoice is received and paid for, a voucher is created. It keeps effective control over the payables process and serves as evidence that a transaction actually happened.

An invoice's supporting documents are listed on a voucher, which is a document used by an organization's accounts payable division. Accounts payable, or bills owed by businesses to suppliers and vendors, are essentially supported by vouchers.

Any business must have a voucher preparation process. It is required, particularly during audits, and serves as evidence for a transaction between two parties. Due to the fact that a voucher leaves a paper trail of every transaction, it also deters employee misconduct. The company can quickly identify the offender and punish them if there are any discrepancies.

For more such questions on Accounting Vouchers: https://brainly.in/question/12631123

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