Menu
Purchase voucher
Hi.
As per accounting rules, puchase voucher is created in case of purchase of goods on credit.If in cash, receipt voucher must be created. However, tally says purchase voucher can be created on purchase of goods on credit or cash both. Which 1 is correct?
Replies (2)
If your purchase is cash purchase you put cash in party name or whether purchase is cash or credit in both case your purchase voucher is created if you pass this entry in cash voucher it is not conceptually correct.
Sorry i mean payment voucher....can we create payment voucher in lieu of purchase voucher as the purchase is on cash basis
Recent Topics :
- TDS applicability of foreign remittance to Oracle
- GSTR 9 LATE FEE
- Best Online Mock Test Series for CA Inter January
- COST OF IMPROVEMENT
- Pillows and Mattresses
- GST Applicability for Reg. / Un-Reg. Indian custom
- Amended GST Act & Rules
- FAST DS 2026 MAIL QUERY
- Does Anyone need CA Foundation books of May2026 at
- Last day for ITR-U for AY 2023-2024 (FY 2022-2023)
Related Topics :
CAclubindia
