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Question :

What do you mean by vouching?

Category Business Audit Interview Questions
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Added on 7/21/2011
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Question :

What do you mean by vouching?


Answer:

To know the correctness of transaction with evidence.
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Vouching means verifaction of payments and receipts
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Posted by: Pandia rajan

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Vouching is the process of checking the authentication of the voucher maintain by the management with the respective supporting document.
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Posted by: Vijay Gawalkar

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Checking authenticity of transaction with respect to its nature, amount, proper recording and authorisation evidenced by supporting documentary proof
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Posted by: Sumadhur

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vouching means verification of all
receipts &payment vouchers
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Posted by: ravindra

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every details of every document relative to income & expenditure account correctly vouchered.
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Posted by: mayur

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Vouching means written authority of transection. A transection must be held with written documents.
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Posted by: Muthuraman.V

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Vouching is the basic of any auditing, by which we assure the correctness of all the transacitons in an orgainsation. Voucher is a document evidence for the receipts and payments ransactions.
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Posted by: uday

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vouching means verifying the appropriateness of financial transaction with supportive documents in the process auditing, and also to satisfy that it is in line to fulfill the goals of the enterprise.
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Posted by: kishore mahajan

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Vouching is the verification of all the receipt and payments vouchers of a company to verify its authencity there on.
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Posted by: Omar Kofa Komora

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