vouching means examination of documentary evidence to ascertain the accuracy and authencity of transactions recorded in the books of accounts.
objects and types of vouching
tell me that what do you understand by extent 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.
vouching is the backbone of the audting because with the help of vouching all errors and frauds can be detected so that is very useful in this sense
The objectives of vouching is to ensure that there is evidence to support every entry. This is common in an auditing process.
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
Here are a few. Agreeing, confirming, consistent, reconcilable, vouching, and concurring.
The auditor should vouch the premisis received by reffering to counterfoils of the receipt book,copies of the insurance policy and premium register.
Existence or Occurance