Martial Arts

Cash vouching: This can be divided into two areas,
Cash receipts
Cash payment:
A payment voucher (a document) is prepared to account each and every payment This voucher will give information regarding date of payment, party to whom paid, details as to why this payment is made and amount paid.(if it is related to This voucher should be signed by the person who prepares it as well as the sanctioning authority.
While making payment receiver’s signature will be obtained before releasing payment
While these vouchers are prepared under SAP (a software automatically generates a number)
Cash payment should not be made above Rs 20,000 except under the following cases,
Payment of salaries and wages
Bank transactions
Government payments
Supporting documents should be available
Tax should be deducted wherever necessary
Purchase order date cannot be after delivery date as goods have to be Amendment order must be filed if there is any change in unit price of purchase order or major variation in quantity.
Cash receipts:
A receipt voucher (a document) is prepared to account for each and every receipt of the company
This voucher will give information regarding date of receipt, the amount received, party from whom the amount is received, the reason why it is received.
While these vouchers are prepared under SAP (a software automatically generates a number)
hile vouching we can access the computer only by this voucher number.