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What is purpose of payment voucher?

Updated: 9/16/2023
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12y ago

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for adjustments, retification of errors.A voucher is a bond which is worth a certain monetary value and which may be spent only for specific reasons or on specific goods. Examples include (but are not limited to) housing, travel, and food.

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The main purpose of using a payment voucher and receipt voucher in financial transactions is proof that a payment has been made and received. This provides both parties with documents that prove that a transaction took place.


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