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Sagot :
A voucher has the following features:
Voucher is a written documentary evidence.
It supports the entry which appears in the company’s books of accounts.
It also justifies the correctness of the entries made in the books.
Vouchers are pre-numbered, which helps in simplifying the audit trail.
Vouchers state the complete details of the transaction
Vouchers contain true and complete details of the transactions
It is prepared by the firm’s accountant and also countersigned by the firm’s accountant.
It is used for internal accounting control, which makes confirm that every transaction is duly authorized.
It is prepared at the time the transaction takes place.
Some of the supporting documents in a voucher can include:
Invoice received from the supplier.
Terms for payment including the amount owed, the due date of voucher, and any discounts granted by the supplier for paying the invoice early.
Vendor or supplier name to whom it is to be paid.
The company's purchase order.
To know more about voucher here:
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