The main objective of vouching is :
(A) to prepare trial balance
(B) conduct routine checking
(C) verify authenticity and authority of transaction
(D) checking of vouchers
Answers
Answered by
4
Answer:
c answer
Explanation:
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Answered by
1
The main objective of vouching:
Explanation:
Meaning of vouching:
- The evidence for the support of a transaction in the books of account is known as a voucher. Bills, receipts, requisition forms, agreements, decisions, bank payment slips, and other documents may be included.
- "Vouching" is the process of evaluating documentary evidence in order to verify the correctness of account book entries. Vouching is a technical word for the auditor's examination of documentation evidence that supports and substantiates a transaction.
- Vouching's Purpose To ensure that no mistakes or scams have occurred throughout the transaction. To ensure that the voucher is appropriately processed through all steps of the Internal Check system. Verify and validate whether or not the entries are entered in accordance with the capital and income nature.
Hence,C is the correct option.
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