Page 3 - Lesson Note - Origin of Transaction

 Cash Vouchers which are prepared at the time of receipt or payment of cash are

known as cash vouchers. It includes receipt and payment through cheques.
Cash vouchers further can be of the following two types:

 Debit Voucher these are prepared to record the transactions involving cash are
known as cash vouchers. It includes receipt and payment through cheques.

 Credit Voucher these are prepared to record the transactions involving cash

payments, i.e. when payment is made.
 Non-cash vouchers or transfer vouchers the vouchers which are prepared for

transactions not involving cash, i.e. non-cash transactions are known as non-
cash vouchers or transfer vouchers.

10. Complex Voucher and Compound Voucher Complex voucher/journal

voucher :transactions withmultiple credits or debits are called complex
transactions and the accounting vouchers prepared for such transaction is known

as complex voucher/journal voucher.
Compound Voucher which record transactions with multiple debits/credit and one

credit/debit are called compound vouchers. Compound vouchers are of two
types:

 Debit Voucher showing transactions that contains multiple debits and one credit

is called debit voucher.
 Credit Voucher showing transactions that contains multiple credits but one debit

is called credit voucher.
 Meaning of Voucher

A voucher is a document evidencing a business transaction. Recording in books

of accounts are done on the basis of voucher. It is an accounting evidence of a

business transaction .

Classification of Accounting Vouchers

Vouchers Further classification Purpose

Cash Vouchers Debit Vouchers To show Cash Payment