Question

Credit purchase of furniture is recorded through
(a) Transfer voucher.
(b) Cash voucher.
(c) Debit voucher.
(d) Credit voucher.​

Answer 1

The credit purchase of furniture is recorded through Transfer Voucher

Answer 2

Answer:

The correct answer is option (a) Transfer voucher.

Explanation:

In accounting, a voucher is a document that serves as proof of a transaction's occurrence. The source document is also known as the voucher.

• Non-Cash or Transfer Vouchers are documents that serve as proof of non-cash transactions.
• These vouchers are created to track the company's non-cash transactions.
• Journal voucher is another name for transfer voucher.
• This form of voucher is used in transactions where there is no cash involved. Credit Sales, Credit Purchases, Bad Debts, Depreciation, and so on are examples.

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