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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

VIJAYA SARADHI MAGANTI

CA Inter

850

31-Aug-20

74

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.


Suraj Lakhotia

Suraj Lakhotia

Admin

31-Aug-20

50K forums
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