These MCQ's are extremely critical for all CBSE students to score better marks. Voucher in Accounting – Accounts Class XI Voucher in Accounting – Meaning of Voucher A voucher is a document used to gather and file all the supporting documents needed to approve the payment of a liability. Real accounts 7. 9. Double Entry System of Book Keeping 4. 10. The Credit Voucher must be fully redeemed during the validity period. (i) Debit Voucher: Debit vouchers are the documentary evidence of cash payments. State the meaning of a crossed cheque. The forms may also be prenumbered, in order to ensure that all forms have been accounted for. Imprest System 11. State the meaning of ‘Pay-in-slip.’ 6. When booking a flight in Premium Economy, Business or First Class, there can be a substantial difference in the seats available on different airlines and aircraft types. Prepare the Debit Voucher for furniture purchased […] Here there is an inflow of funds. Complex Voucher or Journal Voucher in Accounting records transactions with multiple debits and multiple credits Answer- In a business transaction, the source document is the first recorded document for the transaction. CBSE Accountancy Class XI ( By Mr. Aniruddh Maheshwari ) Email Id : [email protected] Answer: Compound vouchers are those vouchers which record different single or multiple debit/credit transactions. Compound voucher records a transaction that entails. You can view the Classes on our our app as well App name is Commerce Mantras, it is available on Playstore link given belowhttps://play.google.com/store/apps/details?id=com.amit.compufy.commercemantras\u0026hl=en_INOur Chapter wise YouTube Playlists as also given below for Class 11th and 12th Classes Class 11th Accounts# 1 Meaning and Objectives of Accounting https://www.youtube.com/watch?v=LPsNEzqWjOE\u0026list=PLnYJPjDtVr6hrFxdQ17i0YzfZG4HPGeVx# 2 Basic Accounting Terms https://www.youtube.com/watch?v=6J9TXsZdiAM\u0026list=PLnYJPjDtVr6iea7V_kkfFHYYZFPbrQU6n# 3 Accounting Principles https://www.youtube.com/watch?v=PpC7dy6-SeI\u0026list=PLnYJPjDtVr6jawneF-Yv2Y4PNUeAN4Sj8# 4 Process and Basis of Accounting https://www.youtube.com/playlist?list=PLnYJPjDtVr6hQXCQKdmt3mqkYTGJk7ffs\u0026playnext=1\u0026index=1# 5 Accounting standards and International Financial Reporting Standards (IFRS) https://www.youtube.com/playlist?list=PLnYJPjDtVr6jfLg6AyFFuUsDG-yoFlOaS\u0026playnext=1\u0026index=1# 6 Accounting Equation https://www.youtube.com/watch?v=5h5mEfOQwp4\u0026list=PLnYJPjDtVr6hivGGu0td-ZpiNsCHRyIva# 7 Double Entry System https://www.youtube.com/watch?v=UY87EUDr1rA\u0026list=PLnYJPjDtVr6jcfn2QRLVI3mQlICmAoD05# 8 Source Documents of Accountancy https://www.youtube.com/playlist?list=PLnYJPjDtVr6iY6M2SKn67Pk06wgeTHAcJ\u0026playnext=1\u0026index=1# 9 Journal https://www.youtube.com/watch?v=UY87EUDr1rA\u0026list=PLnYJPjDtVr6g-X3aUHGWhZ5DDvK4ozNog# 10 Accounting for Goods \u0026 Services Tax(GST) https://www.youtube.com/watch?v=a_Ovw82gvuE\u0026list=PLnYJPjDtVr6gwr3RHDyZjKmai61s3b6J9# 11 Cash Book https://www.youtube.com/watch?v=N2hyDtG8Ceg\u0026list=PLnYJPjDtVr6iqSy54TZ-Oqd513dK1KsoJ# 12 Subsidiary Books https://www.youtube.com/playlist?list=PLnYJPjDtVr6h7JlBSHY3Wm1FKEyyy2xZx\u0026playnext=1\u0026index=1# 13 Ledger https://www.youtube.com/playlist?list=PLnYJPjDtVr6j1jDoD-KP8eNkA4GOJgInz\u0026playnext=1\u0026index=1# 14 Trial Balance and Errors https://www.youtube.com/playlist?list=PLnYJPjDtVr6hBTmOKTIlDSt8a-RdKJ_1X\u0026playnext=1\u0026index=1# 15 Bank Reconciliation Statement https://www.youtube.com/watch?v=ihLsWNhaJ3I\u0026list=PLnYJPjDtVr6ifpaDgs_oK0dyXtqqxHcJP# 16 Depreciation https://www.youtube.com/watch?v=50zrA38FQsc\u0026list=PLnYJPjDtVr6hWlZA6C5H0BLf_bhwN7ech# 17 Provisions and Reserves https://www.youtube.com/playlist?list=PLnYJPjDtVr6ibuhVcC2fKgcYNdgSPcpIH\u0026playnext=1\u0026index=1# 18 Bills of Exchange https://www.youtube.com/watch?v=RZwgdC21nww\u0026list=PLnYJPjDtVr6iA1qBi1pBWuVU2NMPb7Sru# 19 Rectification of errors https://www.youtube.com/playlist?list=PLnYJPjDtVr6hEOOp2R0hQAY9MIIH8WsDF\u0026playnext=1\u0026index=1# 20 Capital and Revenue https://www.youtube.com/playlist?list=PLnYJPjDtVr6ib3a6R078xkKY2FtC8NcM2\u0026playnext=1\u0026index=1Class 12th Accounts# 1 Fundamentals Of Partnership https://www.youtube.com/watch?v=YBW0xLpF_pU\u0026list=PLnYJPjDtVr6gcoIe_cWJlsLbYxUvNv_8g# 2 Change in Profit Sharing Ratio https://www.youtube.com/watch?v=pj7bBedT6eg\u0026list=PLnYJPjDtVr6igmF_7mNGOGUWWTEO2F9Vh# 3 Admission of a Partner https://www.youtube.com/watch?v=3Xn_dFcnC-w\u0026list=PLnYJPjDtVr6h2jXbeXSfpwXYWtjM7n1Sm# 4 Retirement or Death of a Partner https://www.youtube.com/watch?v=xs1DpTSNyx0\u0026list=PLnYJPjDtVr6gWx-ABf6es7QeblsPQjatV# 5 Dissolution of Partnership Firm https://www.youtube.com/watch?v=58eehhbPZJI\u0026list=PLnYJPjDtVr6gSrXA7dSP84NsSXMaJ4M6r# 6 Not for Profit Organisations https://www.youtube.com/watch?v=OZZTo-CQpyc\u0026list=PLnYJPjDtVr6j5R0pJrOmfty-r8vGuIDmu# 7 Issue of Shares https://www.youtube.com/watch?v=LcxyVC1oMgI\u0026list=PLnYJPjDtVr6inGJDJGl4MR3AcMJtoDR6F# 8 Issue of Debentures https://www.youtube.com/watch?v=DtYhpIjtALM\u0026list=PLnYJPjDtVr6hPiMQ8WPvF2V0g2xcjhtQZ# 9 Redemption of Debentures https://www.youtube.com/watch?v=qGV8cd1OXqI\u0026list=PLnYJPjDtVr6g6oLUrrYaYiSRAVwa6R0rX# 10 Financial Statement of Companies https://www.youtube.com/watch?v=YRnDP8d_wig\u0026list=PLnYJPjDtVr6hLqkm1WhFr3ea5GNG8Psbj# 11 Comparative Statement https://www.youtube.com/watch?v=RhMoEeChQqg\u0026list=PLnYJPjDtVr6gBrwt1iL4Pc70cvrC514GZ# 12 Common Size Statement https://www.youtube.com/watch?v=JJOxFmML_M8\u0026list=PLnYJPjDtVr6gMRKxczS5yM8dMfXrm7vw1# 13 Accounting Ratios https://www.youtube.com/watch?v=JJOxFmML_M8\u0026list=PLnYJPjDtVr6gMRKxczS5yM8dMfXrm7vw1# 14 Cash Flow Statement https://www.youtube.com/watch?v=s41I2ycTQSY\u0026list=PLnYJPjDtVr6hU4oOmJUDToZyC1qBGGHnA# 15 Important Question for CBSE board Exams Class 12 Accountancy https://www.youtube.com/watch?v=SKVrHOwr62A\u0026list=PLnYJPjDtVr6jaah6r5IrJKnkqCYkhCmaQ Note: Enable the option, Maintain payroll in F11: Features to create a class. State the meaning of a voucher. These solutions for Origin Of Transactions Source Documents And Preparation Of Vouchers are extremely popular among Class 11 Commerce students for Accountancy Origin Of Transactions Source Documents And Preparation Of Vouchers Solutions come handy for quickly completing your homework and preparing for exams. 3. Download PDF. Class 9 - Prepare the accounting vouchers with the help of supporting documents Related questions A voucher is a document in support of an entry in the books of account. Petty Cash 13. Format of Credit Voucher. Credit or Receipt Voucher. Why is a petty cash voucher prepared? 2. multiple debits and one credit; Multiple s credit/and one debit; Compound vouchers can be further divided into : (a) Debit Voucher or (b) Credit Voucher; Complex Voucher / Journal Voucher. A voucher is also prepared to show the necessary details in respect of a transaction where there may not be any documentary evidence, particularly in respect of small transactions like petty expenses. 11. Solution: Question 2. Compound voucher records a transaction that entails. Record Payroll Voucher using Voucher Class 1. 291) M anager Name Address : Voucher No. 4. ... then it is called voucher… There are no set formats of accounting vouchers , and these are prepared by different organisations depending on the nature of the transaction. Such as Credit Sales, Credit Purchases, Bad Debts, Depreciation charged etc. 5294 20,000 Jan. 21 Wages paid for the month of December, 2015 vide Wage Sheet No. Question 2. It is a document evidencing a business transaction. 2. Αναβάθμιση σε Business Class; ... (11) μηνών από την αρχική ημερομηνία της πτήσης που ακυρώθηκε. Define source documents of accountancy. The Credit Voucher will be valid for bookings and flights that will take place within 18 months from the date of its issuance. A Receipt voucher is used to record cash or bank receipt. Since there is no set format for an accounting voucher, depending upon the nature, requirement and convenience of the business, Different types of accounting voucher exist. Αναβάθμιση σε Business Class Στο αεροδρόμιο ... Credit Voucher για πτήσεις που έχουν ακυρωθεί από την AEGEAN/Olympic Air ... μέσα σε 11 μήνες από την ημερομηνίας της πτήσης που ακυρώθηκε. Types of Vouchers. However, the discount in Upper Class is only 50%. Solution: Question 7. 1. The Credit Voucher can only be redeemed for the first issuance of a ticket, and not for a ticket reissue or for adding a service in an existing booking. Only enter here vouchers that are subject to tax and subsequently Class 1 NIC. Nominal accounts 6. This solution contains questions, answers, images, explanations of the complete Chapter 4 titled Origin of Transactions Source Documents and Preparation of Voucher of Accountancy taught in Class 11. Define compound voucher. 5. ... there are two columns of ‘Amount’ in the journal format namely ‘Debit Amount’ and ‘Credit Amount’. Where, separate vouchers are made for separate items of expenses , in order to distinguish them, the business uses different colour papers and different fonts . Define the term ‘Cheque’. Question 1. Instead, the money is credited to the bank account … CBSE Class 11 Accountancy is comprised of a total of 15 chapters, i.e. 98 6,500. In this document, all the important details like date, amount, parties name involved, and the nature of the account is reported. You can download latest NCERT eBooks for 2021 chapter wise in PDF format free from Studiestoday.com. The AFF Seat Comparison Tool is designed to help you to make an informed decision when … 1. TS Grewal Solutions for Class 11 Accountancy Chapter 7 – Origin of Transactions – Source Documents and Preparation of Voucher TS Grewal Class 11 SolutionsNCERT Solutions AccountancyNCERT Solutions Question 1. Question 1. Get step by step NCERT solutions for Class 11 Accountancy Chapter 3 - Recording of Transactions – I. The following transactions took place in M/s Swaminathan Traders. Credit: Sales A/c (Sold shirt vide Cash Memo No. End of fiscal year 14. If you are a student of Class 11 who is using TS Grewal Textbook to study Accountancy, then you must come across Chapter 4 Origin of Transactions Source Documents and Preparation of Voucher… Select the ledger name. Transaction Voucher in accounting records a transaction with one debit and one credit. Date 2020.11.30 When you use your Credit Voucher for the new ticket, you will receive a 10% discount on your new itinerary. AGF No 3. What do you mean by a bank pass book? Read and download CBSE Class 11 Accounting Vouchers and their preparation chapter in NCERT book for Class 11 Accountancy. Welcome You all the dear Students. General Journal Voucher 8. Please, contact Korean Air Service center. Transfer Voucher / Non-Cash Voucher : This type of vouchers are prepared in those transactions which do not involve Cash. Which is the value of the Credit Voucher that I will receive? I) M Name Address : Voucher No. 2016 Rs. Write the meaning of a Credit note. Solution: Question 4. CBSE Class 11 Accountancy Chapter -3 Important Questions. I may be one of the lucky ones to have been issued with a lastminute.com travel credit voucher but I'm having difficulty using it now. Gold members could also redeem in Upper Class; Going forward, the 2-4-1 voucher will work like this: Red (base level) members can use their 2-4-1 voucher in Economy, Premium and Upper Class. Solution: Question 3. Students can solve NCERT Class 11 Accountancy Chapter 12 – Books of Original Entry Multiple Choice Questions with Answers to know their preparation level on Success Roar Classes Website itself. Compound vouchers can be further divided into : Complex Voucher or Journal Voucher in Accounting records transactions with multiple debits and multiple credits. There is no set format of accounting vouchers. What do you mean by Receipt? DK Goel Accountancy Class 11 Solutions – Chapter 8 Very Short Questions. These vouchers are prepared to keep records of various cash payments relating to the business including capital and revenue payments. Voucher in Accounting – Class XI Accounts. Go to Gateway of Tally > Payroll Vouchers > F4 : Payroll . Write the meaning of a Debit note. All rights reserved. Personal accounts 5. Multiple Choice Questions (MCQ) for CBSE Class 11-commerce Accountancy Part I chapters on Topperlearning. You may redeem your Credit Voucher through our Call Center (available from 7AM to 11PM) by calling the number +381 11 311 2123, or by visiting any of our offices. Journal Voucher 2. Debit: Purchases A/c Credit: M/S Madras Store A/c (Garments purchased vide bill no. Any expenses reimbursed via corporate credit cards that cannot be covered by a dispensation and are of private use should also be entered here. Accounting vouchers may be classified as cash vouchers, debit vouchers, credit vouchers, journal vouchers, etc. Budget Release 12. The Voucher Type Class screen appears as shown below: 3. (adsbygoogle = window.adsbygoogle || []).push({}); Vouchers in accounting can be classified into the following categories : –. In this video, i will teach you the basic and important concepts of source documents and vouchers in accounting. Το Credit Voucher για κάθε παιδί ή/και βρέφος θα ενσωματωθεί με το Credit Voucher ενός από τους ενήλικες επιβάτες της κράτησης και θα σταλεί ένα Credit Voucher σε αυτόν τον επιβάτη. For flights cancelled by AEGEAN/Olympic Air: The Credit Voucher you will receive will be of the same value as each passenger’s ticket purchased, including the value for each additional service purchased, if any. 8. These amounts are also subject to Class 1 NIC through the payroll at the time the reimbursements occurred. Define a journal voucher. A Voucher in Accounting is a document , which provides the evidence of the occurrence of a transactions is called Voucher. Solution: Question 6. Prepare debit voucher. This means that your voucher is effectively a ‘2 for 1.5’ voucher when used in Upper Class. Again, Cash Vouchers are of two following types, (i) Debit Voucher, and (ii) Credit Voucher. Solution: Question 5. We provide Free Online Classes for Complete Course of Accounts Class 11 and 12 at our YouTube Channel. 7. The cash voucher form should contain space for the name of the cash recipient, that person's initials, the amount of cash disbursed, the date, the reason for the disbursement, and the account code to which the disbursement should be charged. Unit Number 319, Vipul Trade Centre, Sohna Road, Gurgaon, Sector 49, Gurugram, Haryana 122018, India, Monday – Friday (9:00 a.m. – 6:00 p.m. PST) Saturday, Sunday (Closed). in order to be useful, an accounting voucher should contain the following essential elements : © 2021, Arinjay Academy. This Accountancy textbook for Class 11 is designed by NCERT and is very useful for students. The way of recording in a journal is quite different from normal recording. Welcome You all the dear Students. Jan. 05 Paid cash to Sonali and Sons for purchase of 5 machines vide Cash Memo no. Voucher is also called the Source Document . Debit: Ram Prakash A/c Credit: Sale A/c (Sale of two shirts on credit vide bill no. 3.1.1 Preparation of Accounting Vouchers. We provide Free Online Classes for Complete Course of Accounts Class 11 and 12 at our YouTube Channel. Miscellaneous Journal Voucher 10. Accountancy. Voucher No. It should be made on a good quality paper; Name of the firm/company/ business/ enterprise must be printed on the top of the voucher ; Date of entering into a transaction should be mentioned all the voucher ; All the vouchers should be made in a serial order based on the date on which the transactions have been entered into; Name of the account to be debited or credited should be mentioned. Advance transactions 9. Receipt Vouchers are of two types: Cash receipt voucher – It represents receipt of cash in hand; Bank receipt voucher – It indicates receipt of a cheque or demand draft i.e., money is not received in the form of cash in hand. Answer 1 of 15: Hi there. • The number of the voucher is to be in a serial order; • Name of the account to be debited or credited is mentioned; • Debit and credit amount is to be written in figures against the amount; • Description of the transaction is to be given account wise; • The person who prepares the voucher must mention his name along with signature; and All recording in books of account is done on the basis of vouchers. Format of Transfer Voucher . As all you know, accounting involves recording of transactions of financial nature of the business. A voucher detailing the accounts that are debited and credited is prepared, on the basis of source documents such as cash memo, invoice or bill, receipt, pay-in-slip, cheque, debit and credit notes, etc.