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Question

Counterfoils of the challan payments is an example of ____________ vouchers.

A
Cash
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B
Debit
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C
Internal
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D
Receipt
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Solution

The correct option is C Internal
Counterfoils of the challan payments is an example of Internal vouchers. An internal voucher is prepared by the organisation itself. They can be prepared for the organisation itself or in cases where no documentary evidence is given by the other party.

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