What is the term used for any written document that serves as proof of a business transaction?

Multiple choice question for Accounting Mcqs. Select an option, then review the explanation below.

Explanation

A voucher is a written document that provides evidence of a business transaction, confirming that a particular financial event has occurred. It serves as proof for accounting and auditing purposes.

Practice related questions from the same subject.

1.What is the accounting method called that systematically allocates the unexpired cost of fixed assets as expenses over multiple accounting periods?
2.What term is used for the price reduction granted on faulty or damaged goods?
3.What is the term for the money invested by the owner to initiate a business?
4.What term is used to describe a decrease in the original price of an item?
5.What is another term used for sales returns?

What is the term used for any written document that serves as proof of a business transaction?

Explanation

More Accounting Mcqs