>
Time management is very much important in IIT JAM. The eduncle test series for IIT JAM Mathematical Statistics helped me a lot in this portion. I am very thankful to the test series I bought from eduncle.
Nilanjan Bhowmick AIR 3, CSIR NET (Earth Science)
N. K. Gupta posted an Question
April 19, 2021 • 02:29 am
![]()
30 points
30 points
- UGC NET
- Commerce
Eduncle.com vouching a made in the books must be supported by documentary evidence and inspection of that evid accounting entries accounting and au vouching. th
Eduncle.com Vouching a made in the books must be supported by documentary evidence and inspection of that evid Accounting entries Accounting and Au vouching. The hing, The Auditor judges the authenticity, of the accounting entries using the technique of vouching railability of proper supporting documents, the Auditor may have all reasons to doubt about errors or fr- s called case of unavailability of Thus, auditing is incomplete without vouching In auditing process, based on evidence, there are two main functions or manipulation. Collection of evidences through observation, confimation, inspection, inquiry. Fvaluation of ev1dences With relevance, adequacy and validity. Obiective of Voncbino
1 Answer(s)
Answer Now
- 0 Likes
- 1 Comments
- 0 Shares
-
![comment-profile-img]()
>
Do You Want Better RANK in Your Exam?
Start Your Preparations with Eduncle’s FREE Study Material
- Updated Syllabus, Paper Pattern & Full Exam Details
- Sample Theory of Most Important Topic
- Model Test Paper with Detailed Solutions
- Last 5 Years Question Papers & Answers
Sign Up to Download FREE Study Material Worth Rs. 500/-
Gaurav soin Best Answer
Vouching can be described as the essence or backbone of auditing. The success of an audit depends on the thoroughness with which vouching is done. After entering in all vouchers, only then can auditing start. Vouching is defined as the "verification of entries in the books of account by examination of documentary evidence or vouchers, such as invoices, debit and credit notes, statements, receipts, etc. The object of vouching is top establish that the transactions recorded in the books of accounts are (1) in order and have been properly authorized and (2) are correctly recorded. Simple routine checking cannot establish the same accuracy that vouching can. In routine checking, entries recorded in the books only show what information the bookkeeper chooses to disclose, however these be fictitious without any vouching or vouchers. By using a vouching or a voucher system a company will have concrete and solid documentation and evidence of expenses,capital, and written proof in audits.