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Journal Voucher

Others 264 views 4 replies
what are JV'S and why do they arise,is it mandatory for every entity to maintain JV'S.
Replies (4)
Your question not cleared...!
a entry which does not involve any payment or receipt is routed through a J V. like depreciation wrie-off etc.
Dear Sir.,

She ask "why JV"...?
Journal voucher is a document on which important information is stored about an accounting transaction.
I feel it is mandatory cause it keeps a systematic record of financial transactions,provides information of debits and credits aspects of each financial transactions. it acts as an evidence on the future


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