What is a Voucher? Prepare an imaginary Specimen of Voucher. – InterviewSolution

1.	What is a Voucher? Prepare an imaginary Specimen of Voucher.
Answer» A voucher is an internal document describing and authorizing the payment of a liability to a supplier. It is most commonly used in a manual payment system, where it is part of the system of controls.

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What is a Voucher? Prepare an imaginary Specimen of Voucher.
When goods are sold on credit the seller preparesA. Cash Memo.B. Invoice.C. Accounting Voucher.D. None of these.
Briefly explain Cash Voucher.
Invoice is a source voucher for purchaser of goodsA. for cash purchases.B. for cash sales.C. for credit sales.D. for credit purchases.
Invoice is a source voucher for seller of goodsA. for cash purchases.B. for credit purchases.C. for credit sales.D. for cash purchases.
When goods are purchased against cash, the purchaser will getA. Cash Memo.B. Invoice.C. Accounting Voucher.D. None of these.
What is a Source Document?
Transfer vouchers are prepared to recordA. cash transactions.B. non-cash transactions.C. (a) and (b).D. None of these.
Cash Memo isA. a source voucher.B. an accounting voucher.C. neither (a) and (b).D. both (a) and (b).
Cash memo is prepared when goods are soldA. on credit.B. on cash.C. Both (a) and (b).D. None of these.