Accounting

A Voucher is an official document used in banking and accounting to record the details of a transaction.
It acts as proof that a particular transaction has taken place and provides complete information like the amount, date, purpose, and signatures.
Vouchers are used to record both receipts and payments in books of accounts.
Banks, companies, and organizations prepare vouchers to maintain accurate and legal records of all financial transactions.
A pay-in slip is used specifically to deposit money into a bank account and a withdrawal slip is used to withdraw cash, but these are limited to those specific actions.
The Profit and Loss Account, meanwhile, is a summary statement showing total income and expenses for a period — it is not a voucher for a single transaction.
Therefore, the correct answer is option (C) Voucher, which formally records transaction details.

A Profit and Loss Account (also called an Income Statement) is a key financial statement that summarizes the revenues, costs, and expenses incurred during a specific accounting period — usually a financial year.
It shows how much money the business has earned (income) and how much it has spent (expenses) to arrive at the net result: profit or loss.
For a bank, the major income sources include interest on loans, fees, and investment returns, while expenses cover interest paid on deposits, employee salaries, rent, technology costs, and other operating expenses.
By comparing total income with total expenses, the Profit and Loss Account helps stakeholders assess whether the bank’s operations are financially healthy and profitable.
It also helps management make decisions on controlling expenses, increasing income, and planning for future growth.
In summary, the Profit and Loss Account is an essential tool for measuring the financial performance of any business, including banks, during a given period.