BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -A voucher is a document used by a company’s accounts payable department containing the supporting documents for an invoice. A voucher is essentially the backup documents for accounts payable, which are bills owed by companies to vendors and suppliers.

Detailed explanation-2: -Vouchers contain details of the total quantities, the total amount of the goods purchased, and the ledger to which it has been recorded. An invoice is a list of goods sold or services rendered, issued by the supplier to the customer when sales are made. A voucher is a document for recording liability.

Detailed explanation-3: -voucher. / (ˈvaʊtʃə) / noun. a document serving as evidence for some claimed transaction, as the receipt or expenditure of money. British a ticket or card serving as a substitute for casha gift voucher.

Detailed explanation-4: -A voucher is a written document on the basis of which the company maintains accounting records. In contrast, an invoice is termed as a written commercial document issued to a buyer by the seller. It states the transaction details of the sale of goods or services. An invoice is generated at the time of sale.