ΒΆ Journal Voucher
Vouchers--> Journal Voucher
Journal voucher is prepared for the transactions which does not relate to sales, purchases, cash, bank, material returns. Journal vouchers are prepared for the following transactions:-
- Opening balances
- Purchases of fixed assets and other assets on credit
- Sale of fixed assets and other assets on credit
- Depreciation on fixed assets.
- Purchase of any items relating to business expenditures on credit
- Adjustment entries.
- Closing entries.
- Correction entries.
- Transfer entries.
- Provisions for expenditures
- Accrual income
