Voucher
A voucher is a supporting document that authorises and records a business transaction. It serves as proof of payment, purchase, or expense and includes details such as date, amount, account codes, and approvals. Vouchers help ensure accuracy, accountability, and control within the accounting and auditing process.
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Volatility
Volatility refers to the degree of variation in financial metrics such as earnings, cash flows, or market prices over time.…
Volume Rebate
Volume rebate is a financial incentive offered by suppliers when buyers purchase goods above a specified quantity threshold. In accounting,…
Void Transaction
A void transaction is an accounting entry that has been cancelled before final processing or posting. It remains recorded for…
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