Answer the following question in one sentence each.
Why is petty cash voucher prepared?

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Solution

Petty cash voucher is a record of expenditure from a petty cash fund for which a receipt was not received. Petty cash voucher is prepared to get the documentary proof in support of the payment of expenditure, petty cash voucher prepared after the payment is made.

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Similar questions

Q. Select the most appropriate alternative.

Which document is prepared when the goods are sold on Credit
(a) Credit memo
(b) Cash memo
(c) Cash voucher
(d) Petty cash voucher

Q. Answer the following questions in one sentence each:
What is voucher?

Objective Type Questions
Answer in one sentence the following questions.

1. State the meaning of a voucher.
2. Why is a petty cash voucher prepared?
3. What do you mean by Receipt?
4. Define the term ‘Cheque’.
5. State the meaning of ‘Pay-in-slip.’
6. State the meaning of a crossed cheque.
7. What do you mean by a bank pass book?
8. Write the meaning of a Debit note.
9. Write the meaning of a Credit note.
10 What do you mean by a Cash Memo?

Q. Petty cash vouchers are used to record entries on the debit side of the petty cash book.

Q. Answer the following questions in one sentence each:
What is sales voucher?

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Answer the following question in one sentence each.Why is petty cash voucher prepared?

Petty cash voucher is a record of expenditure from a petty cash fund for which a receipt was not received. Petty cash voucher is prepared to get the documentary proof in support of the payment of expenditure, petty cash voucher prepared after the payment is made.

Answer the following question in one sentence each.
Why is petty cash voucher prepared?