Valid types of vouchers are ______ and ______.

Question

KollegeApply · Accepted Answer

Valid types of vouchers are contra and sales. Explanation: 1. Contra voucher - Used to record transfers between cash and bank accounts (e.g., cash deposited into the bank, cash withdrawn, or transfers between bank accounts). 2. Sales voucher - Used to record sales of goods or services (both cash sales and credit sales). 3. “Income,” “Expenditure,” and “Liability” refer to account/group types (ledger heads), not standard voucher types.

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