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Showing posts with the label Receipt VS Purchase Voucher

Difference Between Receipt And Purchase Voucher

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Receipt is a n evide nce document to s how a proof of purchase of goods, services, Assets or properties exch anged or transferred b etwee n b uyer a nd seller against some monetary value w h ile Purchase Voucher is issued b y the compa ny for its own b usi ness records for t he co nfirmation of purc hase order made to suppliers or ve ndors. Receipt is an external document w hile purchase voucher (Which is o ne of t he Types of Voucher ) is a n internal document. Receipt includes date of purc h ase, payment amount, refund policy, etc w hile purchase vouch er i ncludes date, payme nt amount, bank account numb er, name of accou nts payab le / creditors / suppliers or ve n dors, signatures , etc. So, t he mai n or primary differe nce b etwee n Receipt And Purc hase Voucher is that a receipt is a n external document as a proof of purc hase of goods, services or assets or properties excha nged or transferred b etwee n b uyer a nd seller a...