Purchase Voucher Vs Journal Voucher

Internal Audit 8695 views 1 replies

CA Finalist

Article Assitant

289 Points Joined October 2009

Hello Friends,

I would like to know the basic difference between Journal Voucher and Purchase Voucher in general as well as the difference in TALLY. I mean, When is a Journal Voucher and Purchase Voucher used for any transaction?

Thanks in advance.

Jaswanth.

Replies (1)

RRaj

A/c manager

25 Points Joined January 2011

wen u r purchasing any assets then go for journal entry. and wen u r purchasing things other than assets which includes ur stocks then use purchase voucher