It is not possible to make a journal entry without a proper ___________ voucher which gives all details of an accounting transaction.

Cash

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Debit

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Credit

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Journal

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Solution

The correct option is B Journal
A Journal voucher is a voucher that consists of all the details of transactions like the date of transactions, amount, etc. A journal voucher is prepared for every transaction. It is the basis for making a journal. They are serially numbered for convenience purpose so that journal can be prepared. A journal voucher keeps a record of all the transactions hence helps in the recording or transactions and making of journal.

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Similar questions

Q. A ___________ voucher is a document which comprises of all the details of an accounting transaction.

Q. A journal voucher is must for all transactions recorded in the journal.

Q. For auditing the business transactions, __________ voucher is the document which gives proper information to the auditor of every accounting transaction.

State whether the following statements are true or false:

(1) A journal voucher is must for all transactions recorded in the journal.
(2) Journal is a book of secondary entry.
(3) Narration is not necessary for each and every journal entry.
(4) Every transaction is recorded first in the journal.
(5) Live Stock A/c is a Nominal A/c.
(6) Bank of Maharashtra A/c is a Nominal A/c.
(7) Brokerage paid on sale of goods is debited to brokerage A/c.
(8) If the goods are sold the entry should be recorded in the journal.
(9) Goods withdrawn by the proprietor from business is debited to the Drawing A/c.
(10) Cash discount does not appear in the books of accounts.
(11) If rent is paid to the landlord, landlord’s A/c should be debited.
(12) Book keeping records monetary transactions only.
(13) Drawings made by the proprietor increases his capital.
(14) Premium paid on the life policy of the proprietor should be debited to insurance premium account.

Q. A voucher is a document in support of an entry in the books of account.

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