A payment voucher serves as an accounting document which is used to make payments for different purposes. Its purpose is to approve that certain sum of money has been paid. It is a written recorded proof the payment made. Complete information about the payment is given in the payment voucher like amount paid, date of payment, mode of payment, information about payer and payee, signatures of concerned parties etc.
A payment voucher maybe noted as an accounting document, thus people can use it to make payments on different purposes when they’ve required it. Well, in general scenario, a payment voucher will serve as a legitimate note which will approved that a particular sum of money has been paid by someone to the authority on certain date. Yes! It’s an official document which will always generate by the authorized body of institute, organization, department & store as a legal proof which will record the matters of payment along with the info of recipient. Individuals can keep this document with them as a record of payments they have made. Unless other thing, this small document will be recognized as an official statement of transaction. So, it’ll also help the authority to check on the outflow of funds.
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