Page 3 - LN

• 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 with multiple 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

Debit Vouchers To show Cash Payment
Cash Vouchers Credit Vouchers To show Cash Receipt

To show Transactions not involving
Non Cash Voucher Transfer Voucher
cash