For entries not involving either cash or bank transactions we use ________ voucher A. Contra voucher B. Journal C. Sales D. Purchase

Contra voucher
Journal
Sales
Purchase

The correct answer is: A. Contra voucher

A contra voucher is a document that is used to record a transaction that does not involve either cash or bank transactions. This type of voucher is often used to record adjustments to accounts, such as depreciation or amortization.

A journal is a book of original entry that is used to record all financial transactions. The journal is the first step in the accounting process, and it provides a chronological record of all transactions.

A sales voucher is a document that is used to record a sale. The sales voucher includes information about the customer, the product or service sold, the price, and the terms of payment.

A purchase voucher is a document that is used to record a purchase. The purchase voucher includes information about the supplier, the product or service purchased, the price, and the terms of payment.

Here is an example of a contra voucher:

Contra Voucher

Date: 2023-02-25

Voucher No.: 12345

Account: Depreciation Expense

Debit: $1,000

Credit: Accumulated Depreciation

Description: To record depreciation expense for the month of February.

This contra voucher records the depreciation expense for the month of February. The depreciation expense is a non-cash expense, so it is recorded in a contra account to the asset account Accumulated Depreciation.

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