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what is the difference between journal entry and journal
voucher
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Answer / h.r. sreepada bhagi
An entry other than Receipt, Receipt (Bank or Cash) Purchase
& Sales transaction is passed through journal. Basically all
vouchers are in journal format only like, Purchase Journal,
Sales Journal, Payment Journal & Receipt Journal. However
transaction other than these and adjustment entries are
passed through 'General Journal', which is normally referred
to as just 'Journal'.
Recording a transaction or an adjustment is called Journal
Entry and the document created by a journal entry is called
'Journal Voucher'
Basic requirement of any entry mentioned above is that the
total amount on debit side shoulod match with the total
amount on teh credit side.
| Is This Answer Correct ? | 45 Yes | 3 No |
Answer / devi
The process of recording the business transactions in a chronological order is called an entry. All the business transactions are recorded in a Journal in the form of entries are called Journal Entries. Where as Voucher is a proof of the transactions, receipts,payments,i.e., how the money is comes in and goes out of the organisation.
| Is This Answer Correct ? | 21 Yes | 7 No |
Answer / megharaaj
Any entry other than cash or bank to be passed through
journal entry, and any entry voucher such as purchases,
sales, and accounting pre operative expenses will be passed
through journal voucher.
Megharaaj Mysore
| Is This Answer Correct ? | 15 Yes | 11 No |
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