A void transaction is a transaction that is cancelled, invalid, or treated as having no legal or accounting effect. It may arise because of error, cancellation, non-compliance, or system reversal. Proper recording is important so that the original entry and its cancellation are handled transparently.
Voucher
A voucher is a document that supports and authorizes an accounting entry or payment transaction. It may include details such as date, amount, purpose,...
Voluntary Disclosure
Voluntary disclosure means providing information beyond what is strictly required by law or accounting standards, often to improve transparency and stakeholder confidence. This may...
Volume Rebate
A volume rebate is a discount or refund given by a seller to a buyer after the buyer purchases a specified quantity or achieves...
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