04-02-2007, 09:45 PM
<blockquote id="quote"><font size="1" face="Verdana, Tahoma, Arial" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by fawad80</i>
<br />hi..i want to know what is journal voucher..i know bout receipt n payment voucher..but what is JV exactly? and in my accounting software..how can i make entries using JV?
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
In routine we use Cash/Bank receipt or Cash/Bank payment voucher (if there is cash involve in the transaction) but sometime we make some enteries where cash or bank donot involve physically/directly then the voucher we use to pass such entry where cash receipt or payment is not involved physically but just we have to pass an entry , entry is called Journal Voucher (JV). for example, you just want to transfer an amount from A's account to B's account then you will not use cash or bank voucher, the voucher you will use to pass this entry is only JV. another example is that if you sell goods on credit then you will pass entry on JV, debit to buyers account and credit to sales account. If u give any discount then too you will pass such entry through JV, if you just want to pass a provisional entry then also you will use JV to pass this entry. If you want to pass depreciation entry then also you will use JV. If you want to provision salary exp, electricity exp, other payable exp. at the end of each month then also you will pass these enteries through JV.
Hope, above information are sufficient to understand about JV.
Regards,
Kh. Zafar Iqbal
Mirpur Azad Kashmir
<br />hi..i want to know what is journal voucher..i know bout receipt n payment voucher..but what is JV exactly? and in my accounting software..how can i make entries using JV?
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
In routine we use Cash/Bank receipt or Cash/Bank payment voucher (if there is cash involve in the transaction) but sometime we make some enteries where cash or bank donot involve physically/directly then the voucher we use to pass such entry where cash receipt or payment is not involved physically but just we have to pass an entry , entry is called Journal Voucher (JV). for example, you just want to transfer an amount from A's account to B's account then you will not use cash or bank voucher, the voucher you will use to pass this entry is only JV. another example is that if you sell goods on credit then you will pass entry on JV, debit to buyers account and credit to sales account. If u give any discount then too you will pass such entry through JV, if you just want to pass a provisional entry then also you will use JV to pass this entry. If you want to pass depreciation entry then also you will use JV. If you want to provision salary exp, electricity exp, other payable exp. at the end of each month then also you will pass these enteries through JV.
Hope, above information are sufficient to understand about JV.
Regards,
Kh. Zafar Iqbal
Mirpur Azad Kashmir
