Classify Columns Voucher For Free

Debit or Payment voucher. Credit or Receipt voucher. Supporting voucher. Non-Cash or Transfer voucher (Journal voucher)

The total amount of all the vouchers that have outstanding balances owed are recorded as accounts payable on the balance sheet. Once the voucher has been paid, the proof of payment is included in the voucher and recorded as a paid voucher.

A voucher has the following features: It is written documentary evidence. It supports the entry, that appears in the company's books of account. It states complete details of the transaction. It justifies the correctness of the entries made in the books. It is pre-numbered, which helps in simplifying the audit trail.

Accounting Vouchers in Tally: It includes sales voucher, purchase voucher, journal voucher, payment & receipt voucher, contra voucher, credit and debit note voucher.

Types of vouchers Explained (1) Receipt voucher- It is also called a credit voucher. ... (2) Payment voucher- It is also called a debit voucher. ... (3) Journal voucher- A journal voucher is also called a non-cash voucher or transfer voucher.

Tally offers two different types of vouchers namely ? accounting vouchers and inventory vouchers. This helps businesses separate accounting and inventory operations. These vouchers allow users to record financial activities or track inventory items.

Voucher is classified, on the basis of transaction, in three types which are Transaction Voucher, Compound Voucher and Complex voucher. Voucher is classified, on the basis of source, in two types which are Primary Voucher and Collateral Voucher.

Types of Cash Book Single column cash book. Double column cash book. Triple column cash book. Petty cash book.

There are seven different types of journals: purchase, purchase returns, cash receipts, cash disbursements, sales, sales returns, and general.

Types of cash book A single column cash book to record only cash transactions. A double/two column cash book to record cash as well as bank transactions. A triple/three column cash book to record cash, bank and purchase discount and sales discount. A petty cash book to record small day to day cash expenditures.