YARA INTERNATIONAL SCHOOL, Riyadh

ACCOUNTANCY ART INTEGRATED PROJECT

ON
SOURCE DOCUMENT

Submitted by: Submitted to:

Name: Dalazac Mudabbir Khan Mrs. Tasneem. A
Class: XI-C PGT (Commerce)
Non- cash Voucher
Non-Cash or Transfer vouchers are the documentary evidence of non-
cash transactions. Examples of non-cash vouchers are: Goods sold on Credit; Sale
of Fixed Assets or Investment on Credit; Writing-off depreciation or Bad Debts,
Returns Inward, etc.
Example: Prepare non –cash voucher for providing depreciation on building at
10% on 2,00,000 for M/s Arun Traders Ltd on 31st Jan 2018.
Cheque:
A cheque, is a document that orders a bank to pay a specific amount of money
from a person's account to the person in whose name the cheque has been issued.

Example : Issue cheque of Rs. 4,00,000 to Ayan and Brothers on 1.4.2011

Cash Memo:
 It is a document indicating the amount, date and details of cash purchases and cash
sales. We receive cash memo on cash purchases and issue cash memo on sales.

Example: Prepare Cash memo for Chabbra silk & Sarees on 3/2/2010 for sale of:
10 sarees at Rs. 1,000 each
4 shawls at Rs. 1,040 each
 IGST applicable is 12.5%

Debit Note:
 In case of the return of goods purchased on credit we issue Debit Note to the
seller, meaning that the Sellers’ Account has been debited with the amount of
purchases return. This debit note is used as source document for recording
purchase return.

Example: Prepare debit note for goods returned to M/S High & Low, New Delhi on
 20th April 2010 Rs. 5,500.
( Delivery Challan no.93)

Credit Note:
In case of sales return by our customers we issue Credit Note to them, meaning
that the Customers Account is credited with the amount of sales return. The Credit
Note· is used as source document.

Example : Prepare Credit Note for goods returned by M/S Prabhat Electric Co. on
15 february 2010 Rs. 15,000.
 ( Delivery challan no. 2173 dated 14.2.2010)

Debit vouchers:
Debit voucher are the documentary evidence of cash payments.
These vouchers are prepared to keep records of various cash payments relating to
the business including capital and revenue payments. For example, payment of
Wages and Salaries, purchase of Plant by cash; Purchase of goods for cash, etc.
Example: The following transactions took place in M/s . Goodluck Computers.
 Prepare debit voucher.
Jan 8 . Wages paid for the month of December, 2016 Rs.10,000

Credit Voucher:
Credit Voucher means a document or transaction executed by Merchant
evidencing any refund or price adjustment relating to products or services
to be credited to a Cardholder account.
Example: The following transactions took place in M/s . Goodluck
Computers. Prepare a Credit Vouchers:
Jan 30th 2018. Cash withdrawn from bank Rs.10,000