Voucher that records a transaction that entails multiple debits/credits and one credit/debit is called................... |
Debit voucher Credit voucher Compound voucher Accounting voucher |
Compound voucher |
The correct answer is option 3- Compound voucher. A document which provides evidence of the transactions is called a Voucher. All recording in books of account is done on the basis of vouchers. A transaction with one debit and one credit is a simple transaction and the accounting vouchers prepared for such transaction is known as Transaction Voucher. Voucher which records a transaction that entails multiple debits/credits and one credit/debit is called compound voucher. Compound voucher may be: |