Q-Which voucher i can pass to withdraw the Cash for petty cash from bank?please explain?
a Journal Voucher
b Reciept Voucher
c payment Voucher
Q- What if company withdraws cash for specifice purpose and then without any disbursement redeposited into bank.? Which voucher?
Thanks for replying
Q1 : Payment Voucher
Q2: First pass payment voucher for the Specific Purpose and then cancel that. Again pass a payment voucher (Bank Payment)
Hi..
For Cash & Bank Entries, "CONTRA" entries are used generally..
Ya U should use contra Vouchers only
In our company vouchers there is no COntra vouchers ,
So is it possible to pass in JOurnal voucher.
In the absence of contra voucher system, only journal voucher can be used.
right in the absence of contra voucher u can use journal voucher for cash withdrawal and deposit
Contra Voucher is the right answer for both the questions. In the absence of contra voucher u may pass Journal voucher(s)
| Originally posted by : sanil | ||
 |
Q-Which voucher i can pass to withdraw the Cash for petty cash from bank?please explain?
U should pass contra entry.. |
 |
Refer earlier answer/s for the related question.
Cash and bank falls under same group and known as cash or cash equivelant thus contra voucher used for Bank - cash, Bank-Bank, Cash-cash, Cash bank
CAclubindia
