Question

The two types of cash vouchers include debit vouchers and ____________ vouchers.

• A. Credit
• B. Memo
• C. Receipt
• D. Payment

Answer 1

The correct option is A Credit

There are mainly two types of Cash Vouchers
1. Debit Voucher: Debit Voucher is also known as the payment voucher. It is prepared when some payment is made by the business.
Example: Goods purchased for cash, rent paid, etc.

2. Credit Voucher: It is also known as the Receipt Voucher. It is prepared when cash is received by the business.
Example: Amount received on sale of goods.