Question

examination of voucher comes under the scope of
(A) routine checking
(B) vouching
(C) auditing
(D) None of the above​

Answer 1

Examination of vouchers comes under the scope of vouching. (Option B)

• Vouching is a process that involves checking vouchers, invoices, and bills to verify the accuracy of entries made in the books of accounts.
• It is a routine task and is an important part of auditing as it ensures correctness.
• This process helps in identifying any potential frauds and the genuine nature of transactions carried out by the business.
• It is a crucial step and determines the effectiveness of auditing.

Answer 2

Answer:

(c) Auditing

Examination of voucher comes under the scope of auditing.

Explanation:

The process of examination of voucher is termed as vouching.

Vouching is covered under the scope of auditing.

Auditing includes vouching and verification of transactions and events. This helps the entity to frame, record maintain books of account as per the relevant laws and regulations.

Vouching is process to verify and check the authenticity of the transactions and events by verifying the date, name , head of accounts, signature and amount.