Vouchers

A voucher is a written document in support of a business transaction. Vouchers are prepared by an accountant and each voucher is counter signed by an authorised person of the organisation.

The vouchers are properly filed according to their serial numbers so that the auditors may easily vouch them and these may also serve as documentary evidence in future.

Bills receivable, bills payable, wage sheet/salaries pay acquittance, correspondence etc., also serve as the source documents. Thus, there must be a source document for each transaction recorded in the books of accounts.