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Question
Every voucher maintained its ______ and ______ record.
Options
debit
in
out
credit
open
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Solution
Every voucher maintained its debit and credit record.
Explanation:
A voucher is a pre-numbered accounting document used to record a transaction. Under the double-entry system, every transaction affects at least two accounts, so each voucher records the debit entry and the corresponding credit entry to ensure the books remain balanced and to provide a clear audit trail.
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