Journal voucher
Journal voucher is called ‘Goswara Voucher’ in Nepal. Journal voucher is a primary and most important for recording financial transactions in accounting system.
It is also known as a original entry because every financial transaction of the government is recorded first of all in this journal voucher.
It is based on a principle of double entry system of bookkeeping.
Use or importance of journal voucher
To recording non-cash non-trading types of transactions.
To helping the auditors to understand the impact of financial transactions in a business.
To acting as an evidence for future reference.
To forms the basis of rectification entries.
To helps in closing the books of accountants at the end of the year.
To helps companies with significant financial reporting.
To provides smooth back up for a reversal of entries.
To put all business transactions in the chronological order of their occurrence in a business firm.
