What is rouching & What procedure with
you adopt for vouching-
Bills receiables.
Cash sales
Answers
Answer:
In vouching the cash sales, cash register should be fully checked with carbon copies of cash memos. Then, the auditor should verify the daily deposits of cash received in the bank. Dates of cash memos and date on which the receipts are recorded in cash book must be same.
Answer: HOPE THIS HELPS YOU, PLEASE MARK BRAINLIST AND THANK.
Explanation: In vouching the cash sales, cash register should be fully checked with carbon copies of cash memos. Then, the auditor should verify the daily deposits of cash received in the bank. Dates of cash memos and date on which the receipts are recorded in cash book must be same.
The process of comparing or tallying the entries papering in the books of accounts, with supporting evidence like cash memos, receipts and other documents and correspondence is known as vouching. ... Vouching of Cash transactions Cash book is the most important of the books of a/c for any business.