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Types of vouchers:-
1) Primary vouchers:- a primary voucher is written evident in original.Purchase invoice, cash memos for goods purchased etc. are examples.
2) Collateral or secondary vouchers:- even evidences in original are not available, copies of the evidences are produced in support. Again,sometimes, subsidiary evidences are also provided for the purpose of audit.Such vouchers are usually known as collateral or secondary vouchers.
Based on nature of preparation of audit evidence, can be classified into2:
1) Internal Evidence
These types of evidence/vouchers derived/prepared within the organisation.
Eg. Salary voucher prepared by the company
2) External Evidence
External evidences are derived/originates from outside the organisation. it is more reliable than internal evidences.
Eg. Purchase invoice, issued by the Supplier,
AGREED WITH MR. VENKITARAMAN
VENKITARAMAN KRISHNA MOORTHY VRINDAVAN i agree with him
Agree With Mr. VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
