Question

Wages and salary should be vouched
on the basis of
point
Cashbook
Cashbook and Cash memo only
O Cash memo
Wages & salary register​

Answer 1

Answer:

• wages and salary register....

Answer 2

They should be vouched on the basis of cashbook.

• They are a sort of company payment that is recorded in the cashbook.
• Examining the payments in the cashbook is essential during the vouching of wages and salaries procedure.
• An auditor should look at the internal control mechanism in place in the company when it comes to salary payments.
• An auditor can undertake compensation vouching along these lines if the internal check mechanism for basic pay is sound.