Accountancy, asked by anjalisaraf2823, 5 hours ago

What is vouching? Give its importance and objectives.

Answers

Answered by brinlyqueen

Answer:

Objectives of Vouching

To check whether there are any fake or fraudulent transactions recorded in the books of accounts. To ensure that only business related transactions are entered in the books of accounts. ... To check if there is any alteration made in the voucher, it has been recorded or not.

Answered by rupammishra4377

Answer:

Objectives of Vouching

To check whether there are any fake or fraudulent transactions recorded in the books of accounts. To ensure that only business related transactions are entered in the books of accounts. To check no entries are missing or omitted from the books of accounts.

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