Question

what is compound voucher?

Answer 1

A journal that has more than one account is a compound journal. And a voucher made of this compound journal is a compound voucher. Such as a voucher of salary and fright cash are two accounts 

Answer 2

We need to explain the word compound voucher which is given in the question.

• A voucher that records a number of debits and one credit in one transaction is called a compound voucher.
• A voucher that records a number of credits and one debit in one transaction can also be called a compound voucher.
• Compound vouchers are also called Complex vouchers or journal vouchers.
• An example of compound voucher entry can be given as:
• Salaries A/c Dr.     $1000$

         Wages A/c Dr.      $1000$

          Rent A/c Dr.          $2000$

       To Cash A/c                       $4000$

(Being salaries, wages and rent paid)

PROJECT CODE:#SPJ6