Question

Which of the following voucher records outflow of money from the business?

• A. Journal Voucher
• B. Receipt Voucher
• C. Contra Voucher
• D. Payment Voucher

Hint:

Outflow of funds = Payment Voucher; inflow = Receipt Voucher; internal transfer = Contra Voucher.

Answer 1

The Correct Option is D

Payment Voucher is used when money goes out of the business, either in the form of cash or through bank transfer.
This includes payments to creditors, expenses paid, loans repaid, or purchases made in cash.
Receipt Voucher is used for money coming in, Journal Voucher is for non-cash transactions (like depreciation), and Contra Voucher is for internal cash/bank transfers.
Therefore, Payment Voucher records outflow of money.