Classify Chart Voucher For Free

In general, there are 5 major account subcategories: revenue, expenses, equity, assets, and liabilities. A business transaction will fall into one of these categories, providing an easily understood breakdown of all financial transactions conducted during a specific accounting period.

The most common coding scheme goes like this: Assets = 100-199. Asset accounts follow the order of liquidity. ... Liabilities = 200-299. Liabilities are numbered from short-term to long-term. ... Equity = 300-399. ... Revenue = 400-499. ... Expenses = 500-599.

The chart of accounts (CoA) is an index of all financial accounts in a company's general ledger. There are 5 major account types in the CoA: assets, liabilities, equity, income, and expenses.

Account code: This is usually a three-digit code that describes the specific type of account. For example, it may help differentiate the accounts for fixed assets from the accounts for supplies or transportation expenses.

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.

Accounting vouchers in TallyPrime - The latest version that has replaced Tally. ERP 9 Sales Voucher in Tally.Purchase Voucher in Tally.Payment Voucher in Tally.Receipt Voucher in Tally.Contra Voucher.Journal Voucher.Credit Note Voucher in Tally.Debit Note Voucher in Tally.

Types of Voucher Primary 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.

They are of two types: 1. Cash receipt voucher- It contains information about cash received in hand. 2. Bank receipt voucher- It contains information about cheque received, demand draft or any other mode.

Again, Cash Vouchers are of two following types, (i) Debit Voucher, and (ii) Credit Voucher. (i) Debit Voucher: Debit vouchers are the documentary evidence of cash payments. These vouchers are prepared to keep records of various cash payments relating to the business including capital and revenue payments.

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.