Meaning, importance and components of voucher - class-XI
The credit balance in the bank account is_______.
In technical term a cash memo is called a cash voucher.
A document for disbursement or payment of small amount from petty cash fund is known as ___________.
Where fixed production overhead is debited to work in progress as standard hours of work times the standard absorption rate, a favourable overhead volume variance is debited to _________________.
Petty cash vouchers should be _____________ numbered.
A document with the help of which a particular amount is withdrawn from the petty cash fund is known as ___________ voucher.
A cashier shall make use of ___________ vouchers to reconcile the balances of the petty cash funds.
State whether true or false:
There is no set format of an accounting voucher.
For auditing the business transactions, __________ voucher is the document which gives proper information to the auditor of every accounting transaction.
State whether true or false:
Accounting vouchers are those which comprise unreliable and limited information.
It is not possible to make a journal entry without a proper ___________ voucher which gives all details of an accounting transaction.
Cash vouchers are of ______________ types.
State whether true or false:
In order to verify the accounting transactions, vouchers are considered as a reliable document.
The two types of cash vouchers include debit vouchers and ____________ vouchers.
State whether true or false.
Internal vouchers are prepared by third parties related to the firm.
External vouchers are prepared by the ___________.
Goods destroyed by fire should be credited to______.
Wages paid for erection of machinery are debited to ____________.
Which of the following account may have a debit or credit balance?
When A advances money to B in the course of joint venture then A debits such money to a _________.
Which of the following accounts have only credit balance?
Which among the following is an example of a voucher?