[Solved] Vouching implies

Vouching implies

a) Inspection of receipts

b) Examination of vouchers to check authenticity of records

c) Surprise checking of accounting records

d) Examining the various assets

Answer: (b) Vouching implies the examination of vouchers to check the authenticity of records. 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.

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