Types of Vouchers
What Are Types / Kinds Of Vouchers In Accounting? In an accounting system, Voucher plays an important role for a company’s business as it improves its internal control system. It is used for internal records as well as supporting evidence of a B usiness Transaction . There are two mai n types / kinds of vouchers: (1) Primary Vouchers or Accounting Vouchers (2) Secondary Voucher or Supporting Vouchers (1) Primary Vouchers / Accounting Vouchers These vouchers are prepared by the accountants on the basis of supporting vouchers and these vouchers are countersigned by an authorized signatory. From these vouchers, B ooks of Accounts are prepared. Primary Vouchers are further divided i nto two types: (a) Cash Voucher These are prepared for cash business transactions, i.e., for cash payments and cash receipts Cash voucher is further divided into two types based on the cash receipts and cash paymen...