The role of credit transactions is increases at a fast pace, with expansion of business. For recording of credit transactions, a voucher is prepared known as transfer voucher. Transfer vouchers are prepared to record non-cash transactions. These vouchers are prepared both in debit and credit forms. Non-cash transactions of business relates to following
Return of goods sold
Return of goods purchased on credit
Depreciation on Assets
Bad Debts etc.
Fig.4.6 Specimen of Transfer voucher