Question

vouching and verification of accounts...?​

Answer 1

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Vouching means “to vouch” i.e. examine the vouchers. ... On the other hand, Verification means “to verify” the assets and liabilities of the business. Both the two terms are the first two steps of Auditing, infact vouching helps in the process of verification

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Answer 2

Answer:

Vouching means “to vouch” i.e. examine the vouchers. ... On the other hand, Verification means “to verify” the assets and liabilities of the business. Both the two terms are the first two steps of Auditing, infact vouching helps in the process of verification.