Question

verification of the business transactions with the help of documentary evidence is called as​

Answer 1

Answer:

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Explanation:

Vouching is defined as the "verification of entries in the books of account by examination of documentary evidence or vouchers, such as invoices, debit and credit notes, statements, receipts, etc.

Answer 2

Verification of the business transactions with the help of documentary evidence is called as​ Vouching.

• Vouching is defined as the verification of entries in the books of account by examination of documentary evidence or vouchers, such as invoices, debit and credit notes, statements, receipts, etc.
• Vouching is the practice followed in an audit, with the objective of establishing the authenticity of the transactions recorded in the primary books of account.
• It essentially consists of verifying a transaction recorded in the books of account with the relevant documentary evidence and the authority on the basis of which the entry has been made.
• The object of vouching is to establish that the transactions recorded in the books of accounts are in order and have been properly authorized.

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