Accounting Voucher


Every business ought to have transactions where their ultimate profit and loss bring up. So, managing the transactions smarter gives a boost to the organizations. As many organizations moved toward , the voucher is the primary online document used to record the transactions.
Example:a purchase invoice, a sales receipt, a petty cash docket, a bank interest statement.

Types of Accounting Vouchers:

  • Payment Voucher
  • Receipt Voucher
  • Contra Voucher
  • Journal Voucher
  • Sales Voucher
  • Purchase Voucher
  • Credit Note Voucher
  • Debit Note Voucher

Double entry system

Example: giving the benefit and the other receiving the benefit.

  • A transaction has two-fold aspects.
  • Example: giving the benefit and the other receiving the benefit.

  • One account needs to be debited and the other is to be credited.
  • Every debit must have its corresponding and equal credit.

Golden Rules

gold and rule

Basic Accounting Equation


Assets = Liabilities + Owners Equity(capital).

Credit & Debit rules

credit debit

Example You paid rent (₹1000).

rent paid

Example for accounting equation


Example sum

Particulars ₹ Rupees
Started business with cash ₹ 1,00,000
Borrowed loan from bank ₹ 25,000
Deposited cash into bank ₹ 60,000
Bought goods and paid by cheque ₹ 10,000
Cash withdrawn for personal use ₹ 5,000
Cash withdrawn from bank for office use ₹ 3,000

Solution

S.no Assets Liabilities Capital
Stock Cash Bank
1 + 1,00,000 + 1,00,000
2 - 60,000 + 60,000
3 + 25,000 + 25,000
4 + 10,000 - 10,000
5 - 5,000 - 5,000
6 + 3,000 - 3,000
+ 10,000 + 38,000 + 72,000 + 25,000 + 95,000
₹ 1,20,000 ₹ 1,20,000