Voucher is a written instrument that serves to confirm or witness (vouch) for some fact such as a transaction.
A voucher is a document that shows goods have bought or services have been rendered, authorizes payment, and indicates the ledger account(s) in which these transactions have to be recorded.
Types of Voucher
(i) Receipt Voucher Receipt voucher is used to record cash or bank receipt. Receipt vouchers are of two types. i-e.
(a) Cash receipt voucher – it denotes receipt of cash
(b) Bank receipt voucher – it indicates receipt of cheque or demand draft
(ii) Payment Voucher
Payment voucher is used to record a payment of cash or cheque. Payment vouchers are of two types. i.e.
(a) Cash Payment voucher – it denotes payment of cash
(b) Bank Payment voucher – it indicates payment by cheque or demand draft.
(iii) Non Cash Or Transfer Voucher. These vouchers are used for non-cash transactions as documentary evidence. e.g., Goods sent
(iv) Supporting Vouchers. These vouchers are the documentary evidence of transactions that have happened.