Saturday, 5 September 2015

Origin of transactions-source documents and preparation of vouchers

            
1. Why is the evidence provided by source documents important to accounting?
2. What is a Voucher?
3. What are source documents of Accountancy?
4. Mention any 2 source documents.
5. Explain the following vouchers
a. Invoice
b. Cheque
6. Name the two types of vouchers?
 7. Credit purchase of furniture will be recorded through which voucher?
8. Is ‘Cash Memo’ a source document or an accounting voucher?
9. What is the value involved in recording transactions on the basis of source documents?
10. What is the need for a supporting voucher or a source document?
11. Give two transactions for which a Transfer voucher is prepared?’

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