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Chapter 4Vouching 4.1 MEANING After preparing Audit notebook, audit planning, auditing working papers, audit preparations etc., the next step is to proceed with the examination of accounting entries
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What is vouching?
Vouching is the process of verifying the authenticity and accuracy of transactions by examining supporting documents.
Who is required to file vouching?
Any individual or entity that has transactions that need to be verified is required to file vouching.
How to fill out vouching?
Vouching is filled out by documenting transactions and providing corresponding supporting documents.
What is the purpose of vouching?
The purpose of vouching is to ensure the accuracy and authenticity of transactions and financial records.
What information must be reported on vouching?
Information such as date of transaction, description of transaction, amount of transaction, and supporting documents must be reported on vouching.
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