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Payment: These types of vouchers is a proof of payment by cheque or cash. Receipt: These vouchers help in the recording of the receipts. If the payment is received from a customer, then a voucher will be prepared as a proof to the transaction. Purchase: This voucher is made as a proof to the purchase. This helps in determining whether the entity has actually carried out the purchase.
A voucher is a certificate (coupon, check) that is provided to an individual and may be exchanged for a specific good or service. The term is most commonly used for payment of school tuition. A voucher could be awarded to poor families based on need, and used to cover tuition in a private school. The voucher could not be used as cash to buy any other goods or services-but used only for tuition an a qualifying school.