1
Question
Write a word/term or phrase which can substitute each of the following.
1. A documentary evidence of the transaction.
2. The documents used for withdrawing the amount from bank.
3. The amount of revenue stamp is required to be affixed when the amount of voucher is Rs 5,000 or more.
4. Voucher prepared for small amount of payment.
5. Document prepared for the difference in quantity mentioned in the bill and the quantity actually delivered.
6. A document issued for goods purchased for cash.
7. A cheque on which two parallel lines are drawn.
8. A cheque which can be encashed at the counter of the bank.
9. A document used to acknowledge cash received.
Write a word/term or phrase which can substitute each of the following.
1. A documentary evidence of the transaction.
2. The documents used for withdrawing the amount from bank.
3. The amount of revenue stamp is required to be affixed when the amount of voucher is Rs 5,000 or more.
4. Voucher prepared for small amount of payment.
5. Document prepared for the difference in quantity mentioned in the bill and the quantity actually delivered.
6. A document issued for goods purchased for cash.
7. A cheque on which two parallel lines are drawn.
8. A cheque which can be encashed at the counter of the bank.
9. A document used to acknowledge cash received.
Open in App
Solution
(1) A documentary evidence of the transaction- Voucher
Explanation:
Voucher is a source document, on the basis of which, entries are recorded in the books of accounts, i.e. Journal or other Subsidiary Books. Thus, it contains the complete details of a transaction. Hence, a voucher is a written document that provides evidence of any cash and non-cash transactions of a business.
(2) The documents used for withdrawing the amount from Bank- Withdrawal Slip/ Cheque
Explanation:
Withdrawal slip or cheque can be used to withdraw money from a bank. It enables the account holder to withdraw money from his/her savings account. These are bearer documents and so, the holder of the withdrawal slip or cheque is entitled to get the amount. The date, name of the account holder, the account number and the amount to be withdrawn are the fields that are required to be filled in the withdrawal slip.
(3) The amount of revenue stamp is required to be affixed when the amount of voucher is Rs 5,000 or more- Re 1
Explanation:
If the amount of the voucher is Rs 5000 or more, a revenue stamp of Re 1 is affixed and the signature of the person receiving the payment is obtained across the revenue stamp.
(4) Voucher prepared for small amount of payment- Petty Cash Voucher
Explanation:
A petty cash voucher is the document that is used to record the small payments in an organisation or business under a petty cash system. Small payments or expenses are termed as petty expenses of the business. Thus, the document that is used to record such expenditure is termed as petty cash voucher.
(5) Document prepared for the difference in quantity mentioned in the bill and the quantity actually delivered- Debit/Credit Note
Explanation:
When goods are returned to a supplier, a debit note is prepared to represent the difference in the quantity. It contains the name of the party (supplier) whose account has been debited, along with the amount and details of the bill and the reason for the debit, in reference to which his account has been debited.
On the other hand, when goods are received back from the customer, a credit note is sent to him, indicating that the customer’s account has been credited in the books.
6) A document issued for goods purchased for cash- Cash Memo
Explanation:
A cash memo is the document which is issued to record the cash purchases of the business. It includes quantity, rate and total amount of goods sold, along with the date of transaction. It is issued by the seller of the goods. These cash memos are used to record the transactions in the books of accounts.
(7) A cheque on which two parallel lines are drawn- Crossed Cheque
Explanation:
A cheque that is crossed with two parallel lines, either across the cheque or at the top left-hand corner of the cheque, is called a crossed cheque. A crossed cheque cannot be en-cashed at the cash counter of a bank. It can only be credited to the Payee's Account.
(8) A cheque which can be encashed at the counter of the bank- Bearer/order Cheque
Explanation:
A bearer cheque is an instrument through which money can be paid by a bank to any person who possesses the cheque and presents it to the bank.
9) A document used to acknowledge cash received- Receipt
Explanation:
A document that is used to acknowledge the cash received is termed as a receipt. When any amount of cash is received from a customer, a receipt is issued to him by the receiver (or seller of goods). It acts as a proof in the hands of the customer that he/she has paid the seller of goods the amount specified in the receipt.
Explanation:
Voucher is a source document, on the basis of which, entries are recorded in the books of accounts, i.e. Journal or other Subsidiary Books. Thus, it contains the complete details of a transaction. Hence, a voucher is a written document that provides evidence of any cash and non-cash transactions of a business.
Voucher is a source document, on the basis of which, entries are recorded in the books of accounts, i.e. Journal or other Subsidiary Books. Thus, it contains the complete details of a transaction. Hence, a voucher is a written document that provides evidence of any cash and non-cash transactions of a business.
(2) The documents used for withdrawing the amount from Bank- Withdrawal Slip/ Cheque
Explanation:
Withdrawal slip or cheque can be used to withdraw money from a bank. It enables the account holder to withdraw money from his/her savings account. These are bearer documents and so, the holder of the withdrawal slip or cheque is entitled to get the amount. The date, name of the account holder, the account number and the amount to be withdrawn are the fields that are required to be filled in the withdrawal slip.
Withdrawal slip or cheque can be used to withdraw money from a bank. It enables the account holder to withdraw money from his/her savings account. These are bearer documents and so, the holder of the withdrawal slip or cheque is entitled to get the amount. The date, name of the account holder, the account number and the amount to be withdrawn are the fields that are required to be filled in the withdrawal slip.
(3) The amount of revenue stamp is required to be affixed when the amount of voucher is Rs 5,000 or more- Re 1
Explanation:
If the amount of the voucher is Rs 5000 or more, a revenue stamp of Re 1 is affixed and the signature of the person receiving the payment is obtained across the revenue stamp.
If the amount of the voucher is Rs 5000 or more, a revenue stamp of Re 1 is affixed and the signature of the person receiving the payment is obtained across the revenue stamp.
(4) Voucher prepared for small amount of payment- Petty Cash Voucher
Explanation:
A petty cash voucher is the document that is used to record the small payments in an organisation or business under a petty cash system. Small payments or expenses are termed as petty expenses of the business. Thus, the document that is used to record such expenditure is termed as petty cash voucher.
A petty cash voucher is the document that is used to record the small payments in an organisation or business under a petty cash system. Small payments or expenses are termed as petty expenses of the business. Thus, the document that is used to record such expenditure is termed as petty cash voucher.
(5) Document prepared for the difference in quantity mentioned in the bill and the quantity actually delivered- Debit/Credit Note
Explanation:
When goods are returned to a supplier, a debit note is prepared to represent the difference in the quantity. It contains the name of the party (supplier) whose account has been debited, along with the amount and details of the bill and the reason for the debit, in reference to which his account has been debited.
On the other hand, when goods are received back from the customer, a credit note is sent to him, indicating that the customer’s account has been credited in the books.
When goods are returned to a supplier, a debit note is prepared to represent the difference in the quantity. It contains the name of the party (supplier) whose account has been debited, along with the amount and details of the bill and the reason for the debit, in reference to which his account has been debited.
On the other hand, when goods are received back from the customer, a credit note is sent to him, indicating that the customer’s account has been credited in the books.
6) A document issued for goods purchased for cash- Cash Memo
Explanation:
A cash memo is the document which is issued to record the cash purchases of the business. It includes quantity, rate and total amount of goods sold, along with the date of transaction. It is issued by the seller of the goods. These cash memos are used to record the transactions in the books of accounts.
A cash memo is the document which is issued to record the cash purchases of the business. It includes quantity, rate and total amount of goods sold, along with the date of transaction. It is issued by the seller of the goods. These cash memos are used to record the transactions in the books of accounts.
(7) A cheque on which two parallel lines are drawn- Crossed Cheque
Explanation:
A cheque that is crossed with two parallel lines, either across the cheque or at the top left-hand corner of the cheque, is called a crossed cheque. A crossed cheque cannot be en-cashed at the cash counter of a bank. It can only be credited to the Payee's Account.
A cheque that is crossed with two parallel lines, either across the cheque or at the top left-hand corner of the cheque, is called a crossed cheque. A crossed cheque cannot be en-cashed at the cash counter of a bank. It can only be credited to the Payee's Account.
(8) A cheque which can be encashed at the counter of the bank- Bearer/order Cheque
Explanation:
A bearer cheque is an instrument through which money can be paid by a bank to any person who possesses the cheque and presents it to the bank.
A bearer cheque is an instrument through which money can be paid by a bank to any person who possesses the cheque and presents it to the bank.
9) A document used to acknowledge cash received- Receipt
Explanation:
A document that is used to acknowledge the cash received is termed as a receipt. When any amount of cash is received from a customer, a receipt is issued to him by the receiver (or seller of goods). It acts as a proof in the hands of the customer that he/she has paid the seller of goods the amount specified in the receipt.
A document that is used to acknowledge the cash received is termed as a receipt. When any amount of cash is received from a customer, a receipt is issued to him by the receiver (or seller of goods). It acts as a proof in the hands of the customer that he/she has paid the seller of goods the amount specified in the receipt.
Suggest Corrections
0
Similar questions
View More
Join BYJU'S Learning Program
Explore more
Join BYJU'S Learning Program
