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  2. Remittance advice - Wikipedia

    en.wikipedia.org/wiki/Remittance_advice

    Remittance advice is a letter sent by a customer to a supplier to inform the supplier that their invoice has been paid. If the customer is paying by cheque, the remittance advice often accompanies the cheque. The advice may consist of a literal letter (e.g., "To Whom it May Concern: Your shipment of the 10th inst was received in good order ...

  3. Warrant of payment - Wikipedia

    en.wikipedia.org/wiki/Warrant_of_payment

    Finance. In financial transactions, a warrant is a written order by one person that instructs or authorises another person to pay a specified recipient a specific amount of money or supply goods at a specific date. [1] A warrant may or may not be negotiable and may be a bearer instrument that authorises payment to the warrant holder on demand ...

  4. Voucher - Wikipedia

    en.wikipedia.org/wiki/Voucher

    A voucher is an accounting document representing an internal intent to make a payment to an external entity, such as a vendor or service provider. A voucher is produced usually after receiving a vendor invoice, after the invoice is successfully matched to a purchase order. A voucher will contain detailed information regarding the payee, the ...

  5. Vouching (financial auditing) - Wikipedia

    en.wikipedia.org/wiki/Vouching_(financial_auditing)

    Vouching is a technical term that refers to the inspection of documentary evidence supporting and substantiating a financial transaction, by an auditor. It is the essence of auditing [ 1] Vouching is the practice followed in an audit, with the objective of establishing the authenticity of the transactions recorded in the primary books of account.

  6. Stored-value card - Wikipedia

    en.wikipedia.org/wiki/Stored-value_card

    The system eliminates cash and coins from the entire ship and instead requires sailors to add money from their personal bank accounts to one of two systems held on the cash card. A stored-value card (SVC) or cash card is a payment card with a monetary value stored on the card itself, not in an external account maintained by a financial ...

  7. Discounts and allowances - Wikipedia

    en.wikipedia.org/wiki/Discounts_and_allowances

    Discounts and allowances are reductions to a basic price of goods or services.. They can occur anywhere in the distribution channel, modifying either the manufacturer's list price (determined by the manufacturer and often printed on the package), the retail price (set by the retailer and often attached to the product with a sticker), or the list price (which is quoted to a potential buyer ...

  8. Special journals - Wikipedia

    en.wikipedia.org/wiki/Special_journals

    Cash money, EFTPOS, cheques, credit cards. Receipts and payments. Credit sale of inventory on credit Purchases. Cash Journals record items sold or purchased with cash and they also record income received (debtor payment, interest) and daily expenses. If the transaction is of a cash nature, you must be convinced that money/cheque/credit card was ...

  9. Cash account - Wikipedia

    en.wikipedia.org/wiki/Cash_account

    The dual impact of cash book occurs due to the presence of two sides (entities): Debit and credit. Cash account is the combination of cash receipts journal and cash payment journal and hence called as "cash receipts and payment journal". Receipt and payment voucher are the source documents of cash book. Receipt is an evidence to the cash ...

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