Question
What are Accounting Vouchers?
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Answer
Voucher is a document evidencing a business transaction. It flows from the above definition that when a transaction is entered into, an evidence to that effect is also established. Such evidences are Source Documents. On the basis of Source Documents, a voucher detailing the accounts that are debited and credited is prepared.
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| 2019 | ₹ | |
| May 23 | Postage | 400 |
| May 24 | Casual labour | 500 |
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| May 26 | Note pads and registers | 800 |
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- Renewal of a bill.
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Pass the necessary Journal entries in the books of Arun and Tarun.