Under what circumstances are payment vouchers, collection vouchers and transfer vouchers used? I am a student in detail.

Payment vouchers are accounting vouchers involving the payment of monetary funds (cash and bank deposits).

Receipt voucher is an accounting voucher involving the collection of monetary funds.

A transfer voucher is a voucher that does not involve the receipt and payment of monetary funds.

If the accounting entry of a business is in the credit, fill in the payment voucher; If the monetary fund account is debited, fill in the receipt voucher; If neither borrower nor borrower has a monetary fund account, it is a transfer voucher; If both borrowers and borrowers have monetary fund accounts (such as cash withdrawal and cash deposit), it is a payment voucher.