State whether true or false
Justify your answer
Cash voucher is prepared at the time of receipt of payment of cash or cheque
Dear Student,
Cash Vouchers are vouchers that are prepared at the time of receipt or payment of cash. It also includes receipt and payment through cheque. They effects inflows and outflows of cash. There are two types of cash vouchers in accounting. They are:
1. Debit voucher :- also known as a payment voucher.
2. Credit voucher :- also known as receipt voucher.
Hence, The Statement is True.
Regards
Cash Vouchers are vouchers that are prepared at the time of receipt or payment of cash. It also includes receipt and payment through cheque. They effects inflows and outflows of cash. There are two types of cash vouchers in accounting. They are:
1. Debit voucher :- also known as a payment voucher.
2. Credit voucher :- also known as receipt voucher.
Hence, The Statement is True.
Regards