Credit Voucher

What is a Voucher?

A voucher is a document that acts as a proof of statement for accounting transactions. Basically, it is a statement that shows goods or services purchased, services provided, authorizing the payment, and adding in the ledger account where all the transactions get recorded.

What is a Credit Voucher?

A credit Voucher is a document that records accounting transactions and contains monetary value including cash payments when payment is made. Basically, it is a voucher that records a cash or cheque payment. The credit voucher is also known as ‘Receipt Voucher’.  Credit or Receipt Voucher is of two types;

  • Bank credit/receipt voucher – It represents receipt of cash in hand.
  • Cash credit/receipt voucher- It represents receipt of cheque or DD (demand draft).

Types of Vouchers in Accounting:

  • Debit / Payment Voucher
  • Credit / Receipt Voucher
  • Supporting Voucher
  • Non-cash Voucher

 

cookie image

By clicking “Accept", you consent to our website's use of cookies to give you the most relevant experience by remembering your preferences and repeat visits. You may visit “privacy policy” to know more about cookies we use.