Economy, asked by kpsdeepak18p4pavm, 7 months ago

____is to examine the correctness and authenticity of transactions recover is books of prime entry​

Answers

Answered by jatinkaundal16
0
Please write your question properly



Please mark as brilliant please please
Answered by GulabLachman
0

The examination of correctness is Vouching

  • The process is the core of auditing.
  • The responsibility of the auditor to vouch for the accuracy of the transactions listed in the books of accounts is a crucial one.
  • It explains how to properly examine the paperwork demonstrating and backing up a transaction. 
  • Further, it helps to -
  1. Ascertain the truth of the account
  2. Find out errors ad defects
  3. Determine Unrecorded Transactions
  4. Examine the correctness and authorization of entries

    #SPJ2
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