Using the voucher system when paying an invoice within the discount period,assuming the gross method,the entry would be to debit Vouchers Payable,credit Purchases Discount,and credit Cash.

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When using the voucher system to pay an invoice within the discount period, the entry would be to debit Accounts Payable, credit Purchases Discount, and credit Cash. This assumes the gross method of accounting. Vouchers Payable would be debited only when the voucher is initially recorded, not when the invoice is paid.

Using the Voucher System When Paying an Invoice Within the Discount