Explain the vouching of cash transactions of
credit side
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A galaxy is a huge collection of gas, dust, and billions of stars and their solar systems, all held together by gravity. ... It's a small part of the Milky Way Galaxy. A galaxy is a huge collection of gas, dust, and billions of stars and their solar systems. A galaxy is held together by gravity.
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Explanation:
All the payments made
to creditors expense incurred in cash and all other payment done appear on the credit side of cash transaction and the auditor is required to vouch chances of misappropriation are high
- payment of creditor
- payment of salaries
- payment of wages
- Rent paid
- income tax
- Excise duty
- commission on saled
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