The application of fine tuning entry to get precise financial result of a firm.
Example of journal voucher. Some of them are described as follows. The equivalent back up document for a transaction not involving the movement of money is called a journal voucher. For example if you enter a voucher for 8000 worth of inventory items and the cost of the items at the time of receipt was 10000 the system creates the following journal entries.
Journal Voucher is the supporting document that supports transactions record in the financial statement. Our tutorial on journal entries gives full details about how to use the journal voucher template for a small business. Examples of non-cash transactions include to recognise a donation in kind of a computer to correct a coding error in a previous closed month to.
It is a kind of voucher which is used for recording financial transaction of the government is regular order of dates. This journal voucher template will help a business to document and post journal entries. It is also used to book the receipt of the organization for specified time period.
Journal Voucher in Nepali Grade 11 AccountancyHSEBNEB - YouTube. Outstanding expenses are those expenses that are due but not paid over the year. All transactions need to be supported by a journal voucher.
Whenever a purchase is made on the consumable items such as stationery expenses for the staff welfare and numerous bills that may be generated on a firm wherein one could use the journal voucher for taking care of such expenses. This voucher is used when the transaction is done neither through cash or cheque. It is mostly used for the adjusting and reversing entry.
Fine Tuning entries using journal voucher. The journal voucher must be signed by the accountant and the authorized person. The completed voucher is filed for future reference and entered in the voucher register a special journal.