Journal Vouchers
About Journal Vouchers
A
journal voucher is a document on which stored the essential
information about an accounting transaction. This voucher contains the
following information: A unique identifying number. Transaction date.
Transaction description.
Every transaction requires some sort of
physical backup, which forms a base for it. The physical backup is
nothing but the documentary evidence known as a journal voucher.
Why is Journal Vouchers important?
A Journal
voucher is important to document because it: Keeps a systematic record
of financial transactions of government offices. Provides information on
debit and credit aspects of each financial transaction. Acts as evidence in the future.
• The journal is a memorandum or first
record in the process of recording business transactions that occurred
before posting to the ledger.
• The journal records all business
transactions according to the date of the Journal showing the
chronological records of all business transactions.
• The journal
can reduce the error and omission of transaction records or incomplete
transaction records. The journal functions as a control system.
Who should take the Journal Vouchers Exam?
• Accounting or Finance professionals
• Business owners or Entrepreneurs
• Anyone who wants to assess their accounting skills
• Accounting or Finance managers and senior executives
• Accounting or Finance consultants
• Anyone interested in the management of Accounting or Finance
Journal Vouchers Certification Course Outline
1. Basic Accounting Principles and Framework
2. The Accounting Equation and Financial Statements
3. The Accounting Cycle and Accrual Accounting
4. Accounting Transactions and Books of Account