CBSE Class 11 Accounting-Vouchers and their preparation

Scroll down for PDF

CBSE Class 11 Accounting-Vouchers and their preparation. Students can download the specific chapters from the CBSE and NCERT text books from Please refer to the attached file to access the chapters. The books and specific chapters have been collected by the tutors on studiestoday for the benefit of CBSE students. They can access these chapters anywhere and use them for their studies.

Accounting-Vouchers and their preparation

4.1 Types of Vouchers: Vouchers are of two types

i) Supporting vouchers

ii) Accounting vouchers

Vouchers which support business transactions are called supporting vouchers, for e.g., cash receipts, invoices, bills, counterfoils of pay-in-slips confirming the deposit of cash or cheques in the bank etc. Supporting vouchers are the primary evidence of business transactions having taken place.

A supporting voucher is a written document having details of the business transaction and signed by the maker. It can be used as legal evidence of a business transaction having taken place.

Supporting vouchers, for the purpose of recording the transactions in the journal proper or subsidiary books, are handed over to the accountant. These supporting vouchers may be in different forms, shapes and sizes. No doubt that supporting vouchers support business transactions but before the transactions are recorded in the books of accounts they should be properly analysed. The analysis of business transactions for the purpose of recording is done by preparing another set of vouchers called ‘accounting vouchers’. An accounting voucher, therefore, refers to a written document containing the analysis of business transaction for accounting and recording purposes, prepared by the accountant on the basis of supporting vouchers. The accounting voucher is countersigned by some authorised and responsible person of the business organisation. We shall discuss accounting vouchers in detail here.

4.2 Types of Accounting Vouchers: Accounting vouchers may be divided into two categories.

i) Cash vouchers

ii) Non-cash vouchers

4.2.1 Cash Vouchers: Cash vouchers are prepared for cash transactions i.e. cash receipts and cash

payments. They can be further subdivided into two

i) Credit vouchers and

ii) Debit Vouchers

Credit Vouchers: Credit vouchers are prepared for recording transactions related to receipt of cash only.

The business may receive cash because of the following reasons.

Cash sales of goods

Cash sales of assets

Income received in cash, for e.g., rent received, interest received, dividend received on investments etc.

Cash received from debtors

Loan obtained

Cash withdrawn from bank for use in business

Cash brought as capital by the owner(s)

Cash received in advance from the customers or for providing certain other services.

In all transactions pertaining to the receipt of cash, one aspect of the transaction is cash account and the other aspect is the account on account of which cash has been received, for e.g., the individual, or firm, or entity from whom cash has been received, or the revenue heads of accounts, or the fixed asset on the sale of which cash has been received. While recording a transaction on the basis of a credit voucher, cash account is debited with the amount given in the voucher and the account on account of which cash has been received is credited. The name of the account which is to be credited is mentioned in the credit voucher.


Please refer to the link below - CBSE Class 11 Accounting-Vouchers and their preparation


Click on the text For more study material for Accountancy please click here - Accountancy

Latest NCERT & CBSE News

Read the latest news and announcements from NCERT and CBSE below. Important updates relating to your studies which will help you to keep yourself updated with latest happenings in school level education. Keep yourself updated with all latest news and also read articles from teachers which will help you to improve your studies, increase motivation level and promote faster learning

TIPS: Study habits for success

Being a student is fairly a difficult job. Alongside maintaining your curricular as well as extra-curricular activities adds more to it. Performance in academics is one of the major concerns. Every parent now tries to get their children more indulged in studies. Need...

CBSE will have more practicals

CBSE board has made a bigger announcement regarding 2020 board examinations for class 12. Board has decided that subjects like humanities, History, English and Hindi will also have practical exams like Chemistry, Biology, and Physics. As per, CBSE official's statement...

CBSE and Microsoft join hands to build capacity for AI learning for schools

Central Board of Secondary Education and Microsoft join hands to build capacity for AI learning for schools : The officials from the Central Board of Secondary Education have announced that they have partnered with Microsoft India to conduct several capacity building...

Guidelines On Reducing Weight Of School Bags

GUIDELINES ON REDUCING WEIGHT OF SCHOOL BAGS In this competitive world, where students are giving their best, an unnoticed threat rides on our back. Heavy School Bags are a serious yet unresolved threat to the health and wellbeing of the young ones. The medium of their...

Extension of dates by CBSE for Single Girl Child Merit (SGC) scholarship

CBSE has announced to extend dates for SGC scholarship. Previously the dates to submit the SGC scholarship form were 18 October 2019. Now dates have shifted. For online submission, the last date is 31st October. Whereas date for submission of hard copies of renewal...

What Is The Secret Of Choosing A Good Tutor For Your Child?

Is your child lost in the maze of syllabus, chapters, millions of topics and huge books? Does your child feel lost in a class filled with many students? Is your child unable to bring in the best results? Well, then, you definitely need to find some alternative...

Studies Today