Which voucher is prepared for the payment of salary, purchase of goods, payment made to any creditor etc.a)Creditor voucherb)Debit voucherc)Bothd)None of theseCorrect answer is option 'B'. Can you explain this answer?

Question

Answer

Debit vouchers are prepared when payment is made.Payment may be made against expenses,purchase of goods or fixed assets,payment to creditors,deposits into bank,drawings,etc.

Answer

Debit Voucher: Debit vouchers are the documentary evidence of cash payments. These vouchers are prepared to keep records of various cash payments relating to the business including capital and revenue payments. For example, payment of Wages and Salaries, purchase of Plant by cash; Purchase of goods for cash, etc.

Answer

Debit Voucher is prepared for the payment of salary, purchase of goods, payment made to any creditor etc. Let's understand this in detail.

Debit Voucher
A debit voucher is a document that is prepared by an organization to record various types of payments such as salary payments, purchase of goods, and payments made to creditors. This voucher is used to debit the accounts of the organization and credit the accounts of the recipient of the payment.

Types of Payments Recorded in Debit Vouchers
1. Salary Payments: Debit vouchers are prepared for salary payments made to employees. The voucher contains details such as the name of the employee, designation, salary amount, and the account to which the payment is to be credited.

2. Purchase of Goods: Debit vouchers are also prepared for the purchase of goods by the organization. The voucher contains details such as the name of the supplier, invoice number, date of purchase, amount paid, and the account to which the payment is to be debited.

3. Payments Made to Creditors: Debit vouchers are also used to record payments made to creditors. The voucher contains details such as the name of the creditor, invoice number, date of payment, amount paid, and the account to which the payment is to be credited.

Advantages of Using Debit Vouchers
1. Proper Record Keeping: Debit vouchers ensure proper record keeping of various types of payments made by the organization.

2. Easy Retrieval of Information: Debit vouchers make it easy to retrieve information about various types of payments made by the organization.

3. Helps in Budgeting: Debit vouchers help in budgeting by providing a clear picture of the expenses incurred by the organization.

Conclusion
In conclusion, Debit Voucher is prepared for the payment of salary, purchase of goods, payment made to any creditor etc. It helps in proper record keeping, easy retrieval of information, and budgeting.

Answer

B

Answer

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Answer

Debit voucher

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