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Question

What is a voucher?


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Solution

A voucher is a document that is raised by a business to its supplier, with regards to the payment to be made by the supplier at a future date.

A voucher contains the following information:

  • The date on which payment should be made.
  • The amount to be paid.
  • The identification number of the supplier.
  • Any applicable early payment discount terms.
  • An approval signature or stamp.
  • The accounts to be charged to record the liability

Also see: Difference Between Source Document and Voucher


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