Question

what are vouchers?
How to prepare vouchers with transactions of business?

Answer 1

Answer:

A voucher is a bond of the redeemable transaction type which is worth a certain monetary value and which may be spent only for specific reasons or on specific goods. Examples include housing, travel, and food vouchers.

Answer 2

An accounting voucher, therefore, refers to a written document containing the analysis of business transaction for accounting and recording purposes, prepared by the accountant on the basis of supporting vouchers.

In business so many transactions take place. To record any transaction in account books, first of all a voucher is prepared by the accountant. Therefore, we call the vouchers as the base of the accounting system. Voucher is prepared by the accountant with the help of source document.