Page 61 - Book-keeping for Secondary Schools Student’s Book Form One
P. 61
Recording of business transactions
Cheques have gained popularity in the business world because of being safe, secure
and convenient compared to cash payments. Figure 4.8 shows a sample of a cheque.
FOR ONLINE READING ONLY
Figure 4.8: A sample of a cheque
Activity 4.8
Prepare a sample of cheque and demonstrate how to fill it out.
Journal voucher
A journal voucher is a source document used to provide evidence of authorisation for
all transactions other than those which are evidenced by the previously mentioned
source documents. These transactions include accounting adjustments, provisions and
accruals, purchases and sales of non-current assets, and opening entries. Entries from
the journal voucher are directly transferred to the general journal. Figure 4.9 shows a
sample of a journal voucher.
Authorised
Figure 4.9: A sample of a journal voucher
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