what is voucher,in accountancy?
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voucher is a document used by a company's accounts payable department to gather and file all of the supporting documents needed to approve the payment of a liability. A voucher is essentially the backup documents for accounts payable.
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Explanation:
a voucher is a document used by a company's accounts payable department to gather and file all of the supporting documents needed to approve the payment of a liability. A voucher is essentially the backup documents for accounts payable.
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