Question

Difference Between purchase voucher and sales voucher

Answer 1

Answer:

purchase voucher contains entries relating to purchasing of goods and etc.

sales voucher contains entries relating to sale of goods and etc..

Answer 2

Purchase voucher and Sales voucher:

Explanation:

• Purchase voucher: A purchase voucher is a written/documentary confirmation of payment. It is a receipt issued for payments made in cash or by check. It backs up the entry made in the accounting books. It contains complete information about payments made as well as the reasons for such payments. A purchase voucher is a crucial document that outlines the things that were acquired from the vendor using cash or credit.

• Sales Voucher: Sales vouchers, like purchasing vouchers, are crucial documents that specify the goods sold to clients. The name of the party to whom goods are sold on cash or credit, i.e. the buyer's name, descriptions of items sold, basic price of goods sold, amount of goods sold, sales tax charged thereon, and so on are all listed on the sales voucher.