Payment voucher is being prepared in an organization or company or business establishment for the transactions which are done on cheque payment basis.
Journal voucher is being prepared in a business or company for the transactions where there is no real money is involved. It means journal voucher is prepared mostly for the adjustment transactions.
Journal voucher comes into picture when there is credit transactions. Credit transactions are being held in a business or company.
While preparing the journal voucher for the credit transactions, the respective sale account will be credited and the accounts receivable account should be debited.
Like this journal voucher is to be prepared when there is a credit purchase.
While preparing the journal voucher for the credit purchase, the respective purchase account will be debited and the accounts payable account will be credited.
The format of journal voucher is as follows.
1, Journal voucher number
2, Date
3, Particulars
4, Debit
5, Credit
6, Narration
Journal voucher is being prepared in a business or company for the transactions where there is no real money is involved. It means journal voucher is prepared mostly for the adjustment transactions.
Journal voucher comes into picture when there is credit transactions. Credit transactions are being held in a business or company.
While preparing the journal voucher for the credit transactions, the respective sale account will be credited and the accounts receivable account should be debited.
Like this journal voucher is to be prepared when there is a credit purchase.
While preparing the journal voucher for the credit purchase, the respective purchase account will be debited and the accounts payable account will be credited.
The format of journal voucher is as follows.
1, Journal voucher number
2, Date
3, Particulars
4, Debit
5, Credit
6, Narration
