Question

Which of the following is useful in auditing of accounts:
(a) Routine Check (b) Audit Programme (c) Voucher

(d) None of these.
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Answer 1

c voucher

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Answer 2

Answer:

Option C)Voucher is the correct answer.

Explanation:

The backup document for accounts payable is called a voucher.

The short-term bills that businesses have to pay to suppliers and vendors are known as accounts payable.

The voucher serves as an internal accounting control that makes sure that every payment is legitimately authorised and that the goods or services purchased are actually received, which makes it crucial.

Throughout an accounting period, businesses have a variety of short-term financial responsibilities to vendors and suppliers.

A business may need to purchase raw materials or inventories from suppliers in order to produce the company's products.

A voucher is a document that lists all the supporting materials for an outstanding payable, including any payments made to suppliers or vendors.

Hence C)Voucher is useful in auditing the accounts.

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