Question

Write the most appropriate word or phrase which can substitute each of the following:
A source document on the basis of which the payment side of the cash book is written up.

Answer 1

A source document on the basis of which the payment side of the cash book is written up is known as a voucher. Voucher often implies the nature and mount of business transactions. Vouchers are often referred as source documents upon which the financial transactions are recorded in the books of accounting.