A voucher is a document supporting accounting transactions. Basically, it is a statement that shows goods and services purchased, services provided, authorizing certain payment amount and adding in ledger account where all the transactions are recorded. It is a type of voucher.
It is the most important document in the business since it outline and approve the company’s payment. Business companies decide to employ vouchers as manual or electronic methods.
A credit voucher is a document that records accounting transactions and contains monetary value.
Examples of credit vouchers: Sale of Goods for cash; Sale of fixed assets or investment for cash; Cash received from Debtors, etc.
A credit voucher is a document that acts as a proof of statement for accounting transactions.
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