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So, while conducting the test of vouchers, the following factors are to be taken into consideration:An auditor should check the records whether they are supported by evidential documents or not.All the documents related to income and expenditures are to be separated and separate files should be maintained.More items...

The payment voucher at the bottom of Form 1040-V should be detached and mailed with your tax return and payment. The voucher asks for four main pieces of information. The IRS does not accept cash payments by mail. You must send a check or money order to cover the amount of your annual tax bill.

The total amount of all the vouchers that have outstanding balances owed are recorded as accounts payable on the balance sheet. Once the voucher has been paid, the proof of payment is included in the voucher and recorded as a paid voucher.

Important Points Regarding VouchingAccuracy of transactions.Authenticity of transactions.Proper classification of accounts.Voucher should be properly numbered serially and arrangement of vouchers accordingly.Every checked voucher should be tick marked with sign.More items...

Any written documentation supporting the entries reported in the account books, indicating the transaction's accounting accuracy, can be referred to as a voucher. For example, a bill, invoice, receipt, salary and wages sheet, pay-in-slip counterfoil, cheque book counterfoil, or trust deed.

Types of VoucherPrimary Voucher 2212 Original copy of written supporting document is called primary voucher. Like purchase Bill, cash memo, pay-in-slip, etc. Collateral Voucher 2212 Copies of supporting documents which are not available in original are collateral voucher like duplicate or carbon copy of sale invoice.

You can make electronic payments online, by phone, or from a mobile device. Paying electronically is safe and secure. When you schedule your payment, you will receive immediate confirmation from the IRS. Go to www.irs.gov/Payments to see all your electronic payment options.