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Why should we draft accounting vouchers as we already have source documents like cash memos(for payments and receipts), invoices/bills,pay-in slips etc What is the need for vouchers Can't we take source documents as conclusive evidences?? Please explain...

VIJAYA SARADHI MAGANTI

CA Inter

★ 850

31-Aug-20 17:34

329

Answers (2)

Best Answer

It depends on the kind of accounting systems you work with. In a fully integrated ERP, you may not see vouchers being prepared for everything. Still when the number of documents evidencing a single transaction are many, it is good to have a voucher summarising the transaction.