What is voucher?

A voucher is document used by a company's account paybale

department together and file all of the supporting document needed to approve the
payment of a liability. Governments many also issue vouchers redeemable for
various program such as for various program such as for school choice, housing or
social welfare initiatives.

Types of voucher in accounting

There are four types of accounting voucher and they are:
1. Debit or payment voucher
2. Credit or receipt voucher
3. Non-cash or transfer voucher
4. Supporting voucher

Debit or payment voucher:-

In order to record a payment of cash or cheque you can use this
payment voucher. It this case the cash/bank will be credited and then there will be an
outflow of funds.

Credit or receipt voucher:-

A receipt voucher is used to record cash or bank receipt. Here
there is an inflow of funds receipt vouchers are of two types.
I. Cash receipt voucher:- it represent receipts of cash in hand.
II. Bank receipt voucher:- it indicates receipt of a cheque or demand draft i.e., the
assesses did not receive cash in hand. It got credited to his/her bank account.

Non-cash or transfer voucher:-

For any non-cash transactions, you can make use of this non-cash
vouchers you cash consider this vouchers as a documentary evidence. E.g., good sold on a
credit basis thus, the cash/bank accounting of the assesses in not affected.

supporting voucher:-
The supporting vouchers services as documentary evidence of all
the past transaction. For example you cash attach the expenses bill will the original voucher
to support the primary voucher. Petrol bills attached to the conveyance vouchers is a good
example of supporting vouchers.