An employee in accounts payable records the voucher which in a journal called a voucher register and files it according to the date on which it is to be paid. The company issues and sends a check on that date, and stamps the voucher paid.
An employee in the accounting department receives the paid voucher and records in a journal called the check register.
The voucher register refers to a journal recording all approved vouchers. Thus, the management can access and look up the vouchers at any later date. The bookkeepers enter all the vouchers into this register before they enter those vouchers into the accounting system’s any other part. So, often it is known as the book of original entry.
A check register refers to the journal used for recording all the checks, payments of cash, and cash outlays during a period of accounting. It is also known as a cash disbursement journal. Generally, it has columns for including the check number, dates, account names used, payee, and the debit and credits related to the transaction. Generally, the book-keepers record transactions in this register before they post the business transactions to the general ledgers and other ledgers related to the transactions.
Voucher register & check register hold great importance in the accounting system.
Use of the term in Sentences:
- The bookkeepers are recording all the business transactions carefully to the voucher register & check register.
- The professor is discussing the importance of voucher register & check register in the accounting class.
More from this Section
- Independent internal verification
Most internal control systems provide for independent internal verification. This principle ...
- Error of commission
When a transaction has been recorded but has been wrongly entered in the books ...
- Additional paid-in capital
Additional paid-in capital includes the excess of amounts paid in over par or stated value ...
- Owner’s equity
The ownership claim on total assets is owner’s equity. It is equal to total assets minus ...
- Sales journal
Sales journal is a special journal that records all sales of merchandise on account. Cash ...