DEBIT VOUCHER

SR. NO NAME UID

1. Sanchia Mehra 19BA004

2. Ananya Agarwal 19BA001

3. Hriday Mehta 19BA005

4. Jaitra Mayank 19BA003

 Debit vouchers are the
documentary evidence of cash
payments

WHAT IS A These vouchers are prepared to

DEBIT keep records of various cash
VOUCHER? payments

Debit voucher is also known as

a payment voucher.
CHARACTERISTICS

It is sent to inform about the Usual reasons range from

1 debit made on the account of

the seller along with the
3 incomplete goods received,
damaged/inaccurate goods
reasons. received, etc

2 4
It is prepared like a regular
The purchase returns book is
invoice and shows a positive
updated on its basis.
amount
CONTENTS OF A DEBIT VOUCHER
1 Name and address of the firm
2 Date of preparing the voucher
3 Voucher number
4 Name of the account debited
5 Net transaction amount
6 Narration
7 Signature of who prepared it
8 Authorised signatory of the firm
9 Supporting voucher number
 EXAMPLE
Strip.co purchases goods worth Strip.co (buyer) issues a debit note
1,00,000 from Club.inc in a for 10,000 in the name of club.inc
(business to business) transaction, (seller). This reduces the
however, 10,000 worth of goods obligation of the buyer by 10,000
were found damaged due to some and is now only required to pay
reason & this was notified to Club at 90,000.
the time of actual delivery.

USES

Payment to creditors Payment for expenses

Purchases of investments and
Purchase of goods for cash such as salaries and rent
fixed assets
ONLINE BANKING TRANSFERS ONLINE TRANSFERS SAVE TIME

With a few clicks of a button the The process is time consuming whereas
transfer can be done, but people will online transfers just take a few minutes.
have to visit a bank to deposit the debit
voucher and then receive the cash

Debit Vouchers in the

Online world

FINANCES ARE SAFE ONLINE

ONLINE TRANSFERS SAVE PAPER
Users must submit a series of passwords
Once the checks & vouchers are cashed as well as using a special card reader,
they will most likely just be disposed which means they are under lockdown.
off Vouchers require signatures whcih can
be forged.