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Ask QuestionPosted by ? S. S. ? 4 years, 3 months ago
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Posted by Mohini Kumari 4 years, 3 months ago
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Yogita Ingle 4 years, 3 months ago
A cash voucher is prepared for cash purchases or sales. It serves as the source document to record entries in the cash book.
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Prachi Janwani 4 years, 3 months ago
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Yogita Ingle 4 years, 3 months ago
Basis of Difference |
Source Documents |
Vouchers |
Meaning |
It refers to the documents in writing, containing the details of events or transactions. |
When source document is considered as evidence of an event or transaction, then it is called voucher. |
Purpose |
It is used for preparing accounting vouchers. |
It is used for analysing the transactions. |
Recording |
It acts as a basis for preparing accounting voucher that helps in recording. |
It acts as a basis for recording transactions. |
Preparation |
It is prepared at the time when an event or a transaction occurs. |
It can be prepared either when an event or a transaction occurs, or later on. |
Legality/Validity |
It can be used as evidence in the court of law. |
It can be used for assessing the authentication of transactions. |
Prepared By |
It is prepared by the persons who are directly involved in the transactions, or who are authorised to prepare or approve these documents. |
It is prepared by the authorised persons or by the accountants. |
Examples |
Cash memo, invoice, and pay-in-slip, etc. |
Cash memo, invoice, pay-in-slip (if used as evidence), debit note, credit note, cash vouchers, transfer vouchers, etc. |
Posted by Ashok S 4 years, 3 months ago
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Posted by Saloni ? 4 years, 3 months ago
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Yogita Ingle 4 years, 3 months ago
Any two of these : Potential investors, creditors, lenders, employee unions, customers, government etc.
Posted by Sahil Singh 4 years, 3 months ago
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Sakshi Jagtap 4 years, 3 months ago
Sahil Singh 4 years, 3 months ago
Posted by Shobha Tomar 4 years, 3 months ago
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Yogita Ingle 4 years, 3 months ago
Closing stock is not considered while preparing the trial balance.
because it is assumed that closing stock is already included in purchases and opening stock.
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Harleen Kaur 4 years, 3 months ago
Posted by Saloni ? 4 years, 3 months ago
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Prachi Manral 4 years, 3 months ago
Prachi Manral 4 years, 3 months ago
Posted by Manisha Dhibar 4 years, 3 months ago
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Harleen Kaur 4 years, 3 months ago
Posted by ᵐꜞᔆᔆ᭄ Qᴜᴇᴇɴ✿࿐꧂ : ꨄ︎•, 4 years, 3 months ago
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Posted by Saloni ? 4 years, 3 months ago
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Yogita Ingle 4 years, 3 months ago
- A debit is an accounting entry that either increases an asset or expense account. Or decreases a liability or equity account. It is positioned on the left in an accounting entry.
- A credit is an accounting entry that increases either a liability or equity account. Or decreases an asset or expense account. It is positioned on the right in an accounting entry.
Nancy Dewangan 4 years, 3 months ago
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