Question

............... is a formal document in which the details of the transaction are recorded.

• A. Pay-in slip
• B. Withdrawal slip
• C. Voucher
• D. Profit and Loss Account

Hint:

Remember: Voucher = Transaction proof used for records.

Answer 1

The Correct Option is C

A Voucher is an official document used in banking and accounting to record the details of a transaction.
It acts as proof that a particular transaction has taken place and provides complete information like the amount, date, purpose, and signatures.
Vouchers are used to record both receipts and payments in books of accounts.
Banks, companies, and organizations prepare vouchers to maintain accurate and legal records of all financial transactions.
A pay-in slip is used specifically to deposit money into a bank account and a withdrawal slip is used to withdraw cash, but these are limited to those specific actions.
The Profit and Loss Account, meanwhile, is a summary statement showing total income and expenses for a period — it is not a voucher for a single transaction.
Therefore, the correct answer is option (C) Voucher, which formally records transaction details.