A voucher is:
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A. B. C. D.A
A voucher is a document used in accounting that serves as evidence of a transaction between a buyer and a seller. It typically includes details such as the date of the transaction, the names and addresses of the buyer and seller, a description of the goods or services purchased, the price of the goods or services, any applicable taxes or discounts, and payment terms.
Of the four answer choices provided, option A is the correct answer. A voucher is a file that includes the purchase order that was sent to the vendor, the vendor invoice listing the cost and quantity of items purchased, and the internal receiving reports that verify the purchased items have been delivered. This type of voucher is also commonly referred to as a purchase voucher or procurement voucher.
To further explain, a purchase voucher is created when a company purchases goods or services from a vendor. The voucher serves as a record of the transaction and contains all of the information needed for accounting purposes. The purchase order is a document that is sent to the vendor to initiate the purchase, while the vendor invoice lists the cost and quantity of items purchased. The internal receiving reports are used to verify that the items purchased have been received by the company and match the details listed on the vendor invoice.
Overall, vouchers play an important role in the accounting process, as they provide a means of tracking transactions and ensuring that financial records are accurate and complete. By maintaining detailed records of purchases and payments, companies are better able to detect and prevent fraudulent activity, which is why fraud examiners often focus on voucher review as part of their investigations.