Question

A voucher is?

1) A bill from the vendor
2) A document that records the receipt of goods
3) A document that requests goods from an authorized individual in the entity
4) Serves as the basis for recording a vendor's invoice in the purchases journal

Answer 1

A voucher is a document that records the receipt of goods and serves as the basis for recording a vendor's invoice in the purchases journal.

Step-by-step explanation:

A voucher is a document that records the receipt of goods. It serves as the basis for recording a vendor's invoice in the purchases journal. Vouchers are typically used in accounting to provide evidence and documentation for financial transactions.

For example, when a company receives goods from a vendor, a voucher is created to record the transaction. This voucher includes details such as the date of receipt, the vendor's name, the description of the goods, and their value. It helps ensure that the company has accurate records of its purchases.

Vouchers can also be used to request goods from an authorized individual in the entity. They can be filled out by an employee who needs supplies or materials for their job. The voucher is then submitted to a manager or supervisor for approval before the goods are provided.