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    Voucher Project

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    nagesh dash
    The document discusses vouchers and source documents in accounting. It provides examples of different types of vouchers like debit vouchers, credit vouchers, and journal vouchers. It also defines source documents as records of initial data collection for clinical trials or records of business transactions containing details like date, parties involved, nature of transaction, and values. Finally, it provides a practical problem on the transactions of a stationery business and shows examples of vouchers and source documents that can be created for each transaction like cash memos, invoices, receipts, and cheques.

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    Voucher Project

    Uploaded by

    nagesh dash
    3K views9 pages
    The document discusses vouchers and source documents in accounting. It provides examples of different types of vouchers like debit vouchers, credit vouchers, and journal vouchers. It also defines source documents as records of initial data collection for clinical trials or records of business transactions containing details like date, parties involved, nature of transaction, and values. Finally, it provides a practical problem on the transactions of a stationery business and shows examples of vouchers and source documents that can be created for each transaction like cash memos, invoices, receipts, and cheques.

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    for class 12 CHSE board

    Original Title

    voucher project

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    The document discusses vouchers and source documents in accounting. It provides examples of different types of vouchers like debit vouchers, credit vouchers, and journal vouchers. It also defines source documents as records of initial data collection for clinical trials or records of business transactions containing details like date, parties involved, nature of transaction, and values. Finally, it provides a practical problem on the transactions of a stationery business and shows examples of vouchers and source documents that can be created for each transaction like cash memos, invoices, receipts, and cheques.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    3K views9 pages

    Voucher Project

    Uploaded by

    nagesh dash
    The document discusses vouchers and source documents in accounting. It provides examples of different types of vouchers like debit vouchers, credit vouchers, and journal vouchers. It also defines source documents as records of initial data collection for clinical trials or records of business transactions containing details like date, parties involved, nature of transaction, and values. Finally, it provides a practical problem on the transactions of a stationery business and shows examples of vouchers and source documents that can be created for each transaction like cash memos, invoices, receipts, and cheques.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 9

    INTRODUCTION TO THE CONCEPT

    VOUCHER:
    It is a small printed piece of paper that entitles the holder to a
    discount, or that may be exchanged for goods or services.
    In accounting it is a document used by a company’s accounts
    payable department containing the supporting documents for an
    invoice.
    A voucher is essentially the backup documents for accounts
    payable, which are bills owed by companies to vendors and
    suppliers.
    In other words, it is a written document that provides evidence of
    any business transaction.
    Example – a document granting a certain amount of money per
    child from public education funds is an example of voucher.
    Once the voucher is issued, it means that the invoice’s been
    checked, and it’s been confirmed that it needs to be paid.

    Types of accounting voucher:


    There are different types of vouchers in accounting.
    - Debit or Payment voucher.
    - Credit or Receipt voucher.
    - Supporting voucher.
    - Non-cash or Transfer voucher (Journal voucher)
    SOURCE DOCUMENT:
    A source document is a document in which data collected for a
    clinical trial is first recorded. This data is usually later entered in
    the case report form.
    A source document is a specially designed form which supplies
    details of a business transaction.
    It contains information like the date, the nature and types of
    transactions, the value of the transactions and the names of the
    buyers and sellers involved.
    Source documents are important:
    - As evidence of transactions;
    - For recording transactions;
    - For auditing purposes.

    Types of Accounting documents


    - Checks
    - Invoices
    - Receipts
    - Credit memos
    - Employee time cards
    - Deposit slips
    - Purchase orders
    Explanation through Practical Problem:
    Mr. pratik Mishra started, business under the name M/s Pratik Paper
    Mart at Cuttack on April, 2016. He dealt with office stationery and
    diaries. For the purpose the introduces Rs.3,00,000 as capital of which
    Rs.50,000 was in cash and balance by cheque. The cheque was drawn
    on IDBI Bank Ltd. A/c No. 1500023400 bearing No 517266. He
    enlisted the following transactions for the first week of April.
    03.04.2016 purchased the following items from M/S Raj Stationery
    Mart.

    Bhubaneswar, Vide Bill no. 1426 in cash.


    1.Exercise Book (No. 10) – 50 Nos @ Rs.15
    2.Exercise Book (No. 12) – 50 Nos @ Rs.20
    3.Ruled sheets (24 sheet pack) – 400 @ Rs.12
    4.JK Bond A4 sheets (100 sheets pack) – 100 @Rs.95
    05.04.2016 purchased the following items for use in business.
    1.Computer – 2 Nos @ Rs.30,500 each
    2.Printer – 1 No. @ Rs.4,500
    3.Billing Machine – 1 No. @ Rs.6,000

    Name of seller: SAI INFOTECH, Sahid Nagar, Bhubaneswar and


    paid by cheque no. 517267 on IDBI Bank Ltd., Bill no. 1715.
    06.04.2016 sold goods to M/S Premier Bros, CDA, Cuttack the
    following items.
    1.Exercise Book (No. 10) – 10 Nos @ Rs.20
    2.Exercise Book (No. 12) – 8 No. @ Rs.25
    3.J.K. Bond (sheets) – 10 No. @ Rs.125
    Payment received by cheque no. 125496 on Axis Bank Ltd.
    07.04.2016 – Paid to M/S India Advertisers, Badambadi, Cuttack Rs.
    2,500 for Neon sign Board, Bill no. 27 and obtained a receipt.
    Prepare Vouchers/ Source Documents to reflect the above transaction.
    SOLUTION:
    Transaction: 1
    Cheque
    Date: 01.04.2016
    A/c Payee

    Pay M/s Pratik Paper Mart --------------------------------- or order


    Rupees Two Lakhs Fifty Thousand Only ------------------ Rs.2,50,000
    A/c No. 1500023460

    IDBI Bank Ltd.


    Cuttack, Pratik Mishra
    IFSC Code: “517266” 110010254
    Transaction: 2
    CASH MEMO
    M/s RAJ STATIONERY MART
    Janpath Bhubaneswar
    M/s Pratik Paper Mart, Cuttack
    Bill No. 1426
    Date: 03/04/2016

    S.No Particulars Quantity Rate Amount(Rs)


    1 Exercise Book No. 10 50 15 750
    2 Exercise Book No. 12 50 20 1,000
    3 Ruled Sheets (24 Sheets Pack) 400 12 4,800
    4 J.K. Bond (A4 sheet) (100 sheets pack) 100 95 9,500
    Net Amount 16,050
    (Rupees Sixteen thousand fifty only)
    E & O.E for Raj Stationery Mart

    Transaction: 3
    CASH MEMO
    SAI INFOTECH, Sahid Nagar, Bhubaneswar
    M/s Pratik Paper Mart, Cuttack
    Bill No. 1715 Date: 05/04/2016
    S.No Particulars Quantity Rate Amount(Rs.)
    1 Computer 2 30,500 61,000
    2 Printer 1 4,500 4,500
    3 Billing Machine 1 6,000 6,000
    Net Amount 71,500
    (Rupees Seventy-one thousand five hundred only)
    Received by cheque no. 517267 on IDBI Bank, Ltd, Cuttack
    E & O.E for Sai Infotech

    Transaction: 4
    OUTWARD INVOICE
    M/s PRATIK PAPER MART, CUTTACK
    M/s Premier Bros, CDA, Cuttack
    Bill No. 1. Date: 06.04.2016
    S.No. Particulars Quantity Rate Amount (Rs)

    1. Exercise Book No.10 10 20 200


    2. Exercise Book No.12 20 25 500
    3. J. K. Bond (sheets A4) 10 125 1,250
    Net Amount 1,950
    (Rupees One thousand nine hundred fifty only)
    Received by cheque no. 125496 on Axis Bank Ltd,
    E & O. E
    Good once sold will not be returned for Pratik Paper Mart

    Transaction: 5
    Receipt (Original)
    M/s INDIA ADVERTISERS, BADAMBADI, CUTTACK
    No. 444
    Date: 07.04.2016
    Received with thanks from M/s Pratik Paper Mart Rs.2,500
    (two thousand five hundred only) in respect of Bill No. 27.
    For India Advertisers
    ………………
    Cashier

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