Receipt Voucher: F6
Rules for receipt voucher:
Credit Debit
Capital ledger a/c Cash a/c
income ledger a/c Bank a/c
cash sale of fixed asset a/c
Giver of money (Sundry debtors)
Steps to record receipt voucher:
GWT ==> Voucher ==> Press F6 to activate
Press Ctrl+H ==> change into double entry system
Press F2 to set date of transactions
Press spacebar to select credit ledger
Enter credit balance
Press enter key for Dr.
Press spacebar to select debit ledger
Enter debit balance
Write narration & save it.
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Payment Voucher: F5
Rules for Payment voucher:
Debit Credit
Expenses ledger a/c Bank a/c
Receiver of money (Sundry Creditors) Cash a/c
Cash purchase of fixed asset a/c
Steps to record Payment voucher:
GWT ==> Voucher ==> Press F5 to activate
Press Ctrl+H ==> change into double entry system
Press F2 to set date of transactions
Press spacebar to select debit ledger
Enter debit balance
Press enter key for Cr.
Press spacebar to select credit ledger
Enter credit balance
Write narration & save it.
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Contra Voucher: F4
mainly used to record only banking transactions
Rules for Contra voucher:
Banking Transactions Credit Debit
Deposits money Cash a/c Bank a/c
Withdraw money Bank a/c Cash a/c
Transfer money bank to bank Bank a/c (Giver) Bank a/c (Receiver)
Steps to record Contra voucher:
GWT ==> Voucher ==> Press F4 to activate
Press Ctrl+H ==> change into double entry system
Press F2 to set date of transactions
Press spacebar to select credit ledger
Enter credit balance
Press enter key for Dr.
Press spacebar to select debit ledger
Enter debit balance
Write narration & save it.
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Sale Voucher: F8
Rules for Sales voucher:
Debit Credit
Cash a/c (cash sale transaction) Sale ledger a/c
Bank a/c (Bank Sale transaction) Duties and taxes
Sundry debtors (credit sale transaction) Discount allowed a/c
Steps to record Sale voucher:
GWT ==> Voucher ==> Press F8 to activate
Press Ctrl+H ==> select as Voucher
Press F2 to set date of transactions
Press spacebar to select debit ledger
Enter debit balance
Press enter key for Cr.
Press spacebar to select credit ledger
Enter credit balance
Write narration & save it.
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Purchase Voucher: F9
Rules for purchase voucher
Credit Debit
Cash a/c (cash purchase transaction) Purchase ledger a/c
Bank a/c (Bank purchase transaction) Duties and taxes
Sundry Creditors (credit purchase transaction) Discount Received a/c
Steps to record Purchase voucher:
GWT ==> Voucher ==> Press F9 to activate
Press Ctrl+H ==> select as Voucher
Press F2 to set date of transactions
Press spacebar to select credit ledger
Enter credit balance
Press enter key for Dr.
Press spacebar to select debit ledger
Enter debit balance
Write narration & save it.
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