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What is Vouching?

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2010-06-18 23:55:28
2010-06-18 23:55:28

vouching means examination of documentary evidence to ascertain the accuracy and authencity of transactions recorded in the books of accounts.

Vouching is:

v.intr.

  1. To give personal assurances; give a guarantee: vouch for an old friend's trustworthiness.
  2. To constitute supporting evidence; give substantiation: a candidate whose strong record vouches for her ability.

v.tr.

  1. To substantiate by supplying evidence; prove: charges that he could not vouch.
  2. Law. To summon as a witness to give warranty of title.
  3. To refer to (an authority, for example) in support or corroboration; cite.
  4. To assert; declare
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Related Questions


objects and types of vouching


Vouching has several different meanings depending on how you are using the word. The main definition of vouching is to confirm something is true.


tell me that what do you understand by extent of vouching


The main difference between vouching and routine checking is that vouching requires personal knowledge of a person or thing. When someone is "vouched" for by someone else, the person who is vouching is using their good name as a guarantee.


The objectives of vouching is to ensure that there is evidence to support every entry. This is common in an auditing process.


Routine checking is where the books and accounts are checked to see that no discrepancies are there. Vouching is a periodic checking of each transaction to make sure it goes through correctly.


Normally, entries in the books of accounts are made on the basis of documentary evidence such as bills, receipt, cheque, pay-in-slip and so on. such documentary evidence is called as voucher. The act of examining such vouchers is known as vouching.


ouching is that even a word? No, ouching is not a word. couching, slouching, vouching


What_is_the_difference_between_vouching_and_verification_of_assets_and_liabilities


Here are a few. Agreeing, confirming, consistent, reconcilable, vouching, and concurring.


Routine checking is a financial act that is done on a monthly basis to ensure that the numbers in accounting books match the information held by financial institutions. Vouching is a similar process but only occurs after an audit has been completed.


Techniques of vouching1. Arranged Vouchers2. Amount in Words3. Authority4. Agreements5. Correct Account6. Changes in vouchers7. Mortgage Voucher8. Minute Book9. Notice10. Related To Business11. Stamps12. Voucher's Date



Beyond recorded history; opinions of people's work or character have been passed on by word of mouth long before we learned to write references.


Viking, voting, vouching, visiting, vending, vesting and viewing begin with the letter v. They end with the letter g.


Yes, voicing is considered the backbone of an audit. This is because the auditor needs to check and verify all information to make sure everything is accurate.


Adult Friend Finder is legitimate enough, however, they are not vouching for the individuals who are participating.


A college recommendation letter can be one of two things. It is either a letter from one's high school teachers in order to get into college, or it is a letter from one's college professor vouching for his or her academic performance.


SKR = Safekeeping Receipt This is typically issued by a bank where you keep your gold on deposit. They only issue them after they have received proof of ownership and a copy of the certified appraisal of the bullion. ie a Bank is vouching for your ownership of the gold.


he wants to let kids be able to go to anyschool they wabt, like vouching. He also want teachers to get paid more, and recognize when they do a good job. He supports no child left behind program


It is not in some states and cities if you get parental consent. Youth are not considered to have the ability to understand the consequences of their actions. As such they cannot enter into an agreement such as a contract for a tattoo without an adult vouching for them. People that tattoo minors can be charged with assault and mutilation.


avoidingbreakingcrawlingdrinkingenduringfloatingguessinghumoringinvitinglisteningmountingnoticingorderingpressingprintingquittingroastingstealingtreadingunendingvouchingwateringyielding


Equity line of credit is with a Specific Bank/c.u. vouching for the $$$ their Trade In (?) will bring in a given 'Deal'....? Bank vouches for your being able to use that Equity/T.I.(?) amount in a car Deal(?)....


The cosigner is not able to come and obtain your vehicle for personal reasons or any other reason. A cosigner is not claiming ownership of your vehicle, they are simply vouching for your credibility and agreeing that if payments aren't made that they will uphold the responsibility.?æ


Vouching is the process of recognising obligation and authorizing cash disbursements. It deals with the examination of PROFIT AND LOSS items. For example, you see that a company has said to make a payment for that particular object. To ensure this, you need to "find evidence" by vouching it to things like invoice, official receipt, bank statement etc. Normally you vouch to original supporting documents, not photocopies. IT is like tracing it to make sure that the transaction has indeed occured/genuine. This is generally a step in assurance. Or say, the company made a purchase.. these can be traced to purchase order, invoice etc. As for verification, auditors are normally required to see that the supporting documents are verified whilst auditing.Verification is normally done by a nominated person in the company which involves reviewing, inspecting and checking to ensure that the documents conform to specific requirements. On the other hand, there's another physical verification which is done by the auditors themselves. This is an auditing procedure whereby auditors inspects the actual assets of the company to make sure that they are the same with the written records.It is a substantive audit procedure which deals with examination of BALANCE SHEET transactions/items whether they are assets or liabilities are properly stated. Normally we do this by selecting samples or in some audit firms, setting a scope. For example, we do stocktakes =) Main difference between the duo: Vouching is the substantive testing/examination of transaction at their POINT OF ORIGIN whereas Verification usually deals with the FINAL BALANCE in the Final Accounts viz the balance sheet and profit and loss



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