Define supporting voucher
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Supporting voucher are those voucher which act as a evidence of business transaction.these voucher also helps in recording business transaction like Cash Memo, Sale invoice ,Cheque etc
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Supporting voucher:
The vouchers that act as an evidence of any kind of business transactions such as cheque, sale invoice, cash Memo, etc, are called as supporting vouchers.
These vouchers are made both for money and non-money exchanges. They are used as backup documents for payable accounts, that are bills owed by companies to suppliers and vendors. All the outstanding vouchers owed are totaled, and the sum is recorded as accounts payable on balance sheet.
Vouchers include the following,
- supplier's invoice
- amount owed
- due date
- general ledger accounts
- shipping receipts
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