[Solved] Voucher relates to ______ – MCQ

Voucher relates to

A. Cash receipt & payments, credit transactions

B. Cash payment only

C. Credit transactions only

D. Cash receipt only

Answer: Cash receipt & payments, credit transactions

A voucher is an internal document used by a company’s accounts payable department to collect and organize the necessary documentation and approvals for all accounts payable transactions. The voucher is the first step in the three-way matching process, in which the vendor invoice, purchase order, and receiving report are compared to ensure proper authorization and that goods were received as ordered.

Accounts payable vouchers are typically matched with supporting documents such as purchase orders, receiving reports, and invoices from vendors. Vouchers can be created manually or through accounts payable automation software.

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