48.7k views
3 votes
What could the possible reasons be for a difference in what was

recieved and what was vouchered?

User Cnk
by
9.8k points

1 Answer

4 votes

Answer:

Step-by-step explanation:

There could be several reasons for a difference between what was received and what was vouchered in a business or accounting context. Here are some possible reasons:

Quantity Discrepancy: There may be a difference in the quantity of items received and the quantity recorded in the voucher. This could occur due to errors in counting or measuring the received goods or mistakes in recording the quantities on the voucher.

Quality Discrepancy: The received items may not match the expected quality standards or specifications. If the quality is lower than expected, it may result in a difference between what was received and what was vouchered.

Pricing Discrepancy: The prices on the voucher may not match the actual prices agreed upon for the received items. This could occur due to changes in pricing, discounts, or errors in recording the prices during the voucher process.

Damaged or Defective Goods: Some items received might be damaged, defective, or not usable. In such cases, adjustments may need to be made to reflect the difference between the value of the received goods and what was vouchered.

Partial Shipments: If the order was fulfilled in multiple shipments, there might be a discrepancy between what was received and what was vouchered. The voucher might have been created based on the initial shipment, and subsequent shipments may not have been properly accounted for.

Administrative Errors: Human errors during the voucher process, such as data entry mistakes, incorrect calculations, or misinterpretation of information, can lead to differences between the received items and the voucher.

Theft or Loss: In some cases, items may have been stolen or lost between the time of receipt and the voucher creation. This can result in a discrepancy between what was received and what was vouchered.

Timing Differences: If there is a delay between the time of receipt and the creation of the voucher, changes in prices, quantities, or conditions of the goods may occur, leading to differences between the received items and the voucher.

User Keyur Padalia
by
7.7k points

No related questions found