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Thus, debit vouchers are prepared in the following case: Purchases of goods on cash basis, purchase of fixed on cash and payment of expenses etc. b. Credit Voucher: These are prepared for transactions involving receipts of cash and indicate that all accounts against which cash is received are to be credited.

Types of vouchers Explained (1) Receipt voucher- It is also called a credit voucher. ... (2) Payment voucher- It is also called a debit voucher. ... (3) Journal voucher- A journal voucher is also called a non-cash voucher or transfer voucher.

In manual payment schemes, the prepared vouchers need to contain or specify the following information: The identification number of the supplier. Type of voucher. Debit column. Credit column. The amount payable in figures and words. The date of payment. The accounts payable for recording the liability.

Vouchers are also known as 'source documents' because they help identify a transaction's source. Some of its examples include cash memo, cheque, bill receipt, pay-in-slip, debit note, credit note, invoice, etc.

Credit Voucher ? When a payment is made, this voucher is a document that helps to record accounting activities and contains a monetary value, including cash payments. This is essentially a voucher that documents cash or check payment. 'Receipt Voucher' is another name for a credit voucher.

Credit Voucher: It is also known as the Receipt Voucher. It is prepared when cash is received by the business. Example: Amount received on sale of goods. Was this answer helpful?

Examples of credit vouchers: Sale of Goods for cash; Sale of fixed assets or investment for cash; Cash received from Debtors, etc. (i) Number of Supporting Voucher. Non-Cash or Transfer Voucher: Non-Cash or Transfer vouchers are the documentary evidence of non-cash transactions.