Differentiate between source documents and vouchers
| Basis of Difference | Source Documents | Vouchers |
| Meaning | A source document is the original document that contains the details of a business transaction. | A voucher is a redeemable form of transaction bond that is worth a particular monetary value and can only be used on specific grounds. |
| Purpose | It is used for preparing accounting vouchers | It is used for analysing the transactions. |
| Recording | It acts as a basis for preparing accounting voucher that helps in recording. | It acts as a basis for recording transactions |
| Preparation | It is prepared at the time when an event or a transaction occurs. | It can be prepared either when an event or a transaction occurs or later on. |
| Legality Validity | It can be used as evidence in the court of law. | It can be used for assessing the authentication of transactions. |
| Prepared By | It is prepared by the persons who are directly involved in the transactions or who are authorised to prepare or approve these documents. | It is prepared by the authorised persons or by the accountants. |
| Examples | Cash, memo, invoice and pay-in-slip, etc. | Cash memo, invoice, pay-in-slip (if used as evidence), debit note, credit note, cash vouchers, transfer etc. |
0 تعليقات