What is Voucher In Accounting

What is Meant By Voucher In Accounting?

Any written document in support of a Business Transaction is called voucher. Voucher is issued internally by different departments of the company in order to record a company’s business own records. A voucher usually includes date of the transaction, the price of goods or services, approval or signature of the parties, etc.

The importance of voucher lies in the fact that every business transaction is recorded with facts & figures which is provided through voucher as a written document or evidence document and acts as a proof of a transaction exchanged between two or more parties.

Kinds / Types of Voucher

Various types of voucher includes Cash Voucher, Receipt Voucher, Journal Voucher, Purchases Voucher, Sales Voucher etc.