7.1k views
2 votes
What line of the Schedule of Deposit Activity (SODA) will you record a debit voucher?

a) Line 1
b) Line 2
c) Line 3
d) Line 4

User Solana
by
7.7k points

1 Answer

1 vote

Final answer:

A debit voucher is recorded on Line 3 of the Schedule of Deposit Activity, representing a request for cash disbursement, which reduces the total deposit amount.

Step-by-step explanation:

When recording a debit voucher in a Schedule of Deposit Activity (SODA), you would typically record this transaction on Line 3. The SODA is used to track various deposit transactions, adjustments, and balances for an account.

A debit voucher is an accounting document used by a company's accounts payable department to denote a request for cash disbursement. In the context of the SODA, the debit voucher would adjust the deposit balance by showing that funds are intended to be taken out of the account, therefore, reducing the total deposit amount.

User Jonik
by
8.3k points