Difference between Source Document and Voucher

Source document is referred to as the original document that contains the details of a business transaction. It contains the most important details of the transaction like the amount paid, the parties involved.

Vouchers are source documents that serve as evidence of the business transaction and are retained for being used in cases where auditors need to verify the transaction.

Although these two are very similar in their function, let us look at some of the points of difference between the source document and voucher.

Source Document

Voucher

Definition

Source document is a document that contains the details of a business transaction.

Vouchers are a type of source documents that acts as the evidence of the business transaction that has taken place between two parties

Purpose

Source documents are used for preparing accounting vouchers

It is used by audit team for verifying the business transaction

Examples

Examples of source documents are invoices, receipts, cash memo, etc

Examples of vouchers are letter of credit, debit note, credit note, etc.

This article was all about the topic of difference between Source Document and Voucher, which is an important topic for Commerce students. For more such interesting articles, stay tuned to BYJU’S.

Top Differences in Commerce

Frequently Asked Questions on Difference between Source Document and Voucher

What are the types of vouchers?

The three types of vouchers are debit or payment voucher, credit or receipt voucher, supporting voucher and transfer voucher.

What are supporting vouchers?

Supporting vouchers are evidence of a business transaction that has taken place between two parties.

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