Ask questions which are clear, concise and easy to understand.
Ask QuestionPosted by ? S. S. ? 4 years ago
- 0 answers
Posted by Mohini Kumari 4 years ago
- 1 answers
Yogita Ingle 4 years ago
A cash voucher is prepared for cash purchases or sales. It serves as the source document to record entries in the cash book.
Posted by Muskan Narwat 4 years ago
- 0 answers
Posted by Saloni ? 4 years ago
- 2 answers
Posted by Nyja Gupta 4 years ago
- 0 answers
Posted by Navjot Kaur 4 years ago
- 0 answers
Posted by Siddharth Singh 4 years ago
- 0 answers
Posted by Siddharth Singh 4 years ago
- 1 answers
Posted by Fadil Faisal 4 years ago
- 0 answers
Posted by Satakshi Singh? 4 years, 1 month ago
- 1 answers
Yogita Ingle 4 years 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, 1 month ago
- 0 answers
Posted by Deepashree P 4 years, 1 month ago
- 1 answers
Posted by Saloni ? 4 years, 1 month ago
- 1 answers
Yogita Ingle 4 years, 1 month ago
Any two of these : Potential investors, creditors, lenders, employee unions, customers, government etc.
Posted by Sahil Singh 4 years, 1 month ago
- 0 answers
Posted by Saloni ? 4 years, 1 month ago
- 5 answers
Sakshi Jagtap 4 years, 1 month ago
Sahil Singh 4 years, 1 month ago
Posted by Shobha Tomar 4 years, 1 month ago
- 0 answers
Posted by Saloni ? 4 years, 1 month ago
- 2 answers
Yogita Ingle 4 years, 1 month 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.
Posted by ᵐꜞᔆᔆ᭄ Qᴜᴇᴇɴ✿࿐꧂ : ꨄ︎•, 4 years, 1 month ago
- 3 answers
Posted by Kajal Balmik 4 years, 1 month ago
- 1 answers
Harleen Kaur 4 years, 1 month ago
Posted by Saloni ? 4 years, 1 month ago
- 4 answers
Prachi Manral 4 years, 1 month ago
Prachi Manral 4 years, 1 month ago
Posted by Manisha Dhibar 4 years, 1 month ago
- 4 answers
Harleen Kaur 4 years, 1 month ago
Posted by ᵐꜞᔆᔆ᭄ Qᴜᴇᴇɴ✿࿐꧂ : ꨄ︎•, 4 years, 1 month ago
- 4 answers
Posted by Saloni ? 4 years, 1 month ago
- 3 answers
Yogita Ingle 4 years, 1 month 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, 1 month ago
myCBSEguide
Trusted by 1 Crore+ Students
Test Generator
Create papers online. It's FREE.
CUET Mock Tests
75,000+ questions to practice only on myCBSEguide app