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