China’s Accounting Law: Requirements for accounting vouchers
According to Article 14 of the Accounting Law, original vouchers must be filled out or obtained and promptly submitted to the accounting department for accounting purpose. Accounting agencies and accountants must review the original vouchers, reject any untrue or illegal original vouchers, and report them to the principal of the entity. Original vouchers with inaccurate or incomplete records must be returned for correction and supplementation in accordance with the national unified accounting system. Any content recorded in the original voucher shall not be altered. If there is an error in an original voucher, the entity issuing such voucher must reissue a new voucher or correct the error with its seal stamped at the place of the correction. If there is an error in the amount of an original voucher, a new one must be issued by the issuing entity, and it is not allowed to make corrections on the original voucher. Accounting vouchers should be prepared based on the reviewed original vouchers and relevant documents.
Practising lawyers
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Robert Zhang
An international lawyer registered in Shanghai, China. Master's degreePublish…
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Steve Li
An international lawyer registered in Shanghai, China. Master's degreePublish…
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