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Question: What do you mean by vouching?

Answer: To know the correctness of transaction with evidence.



Category Business Audit Interview Questions & Answers - Exam Mode / Learning Mode
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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. Source: CoolInterview.com


Vouching means verifaction of payments and receipts Source: CoolInterview.com

Answered by: Pandia rajan | Date: 12/18/2007 | Contact Pandia rajan Contact Pandia rajan

Vouching is the process of checking the authentication of the voucher maintain by the management with the respective supporting document. Source: CoolInterview.com

Answered by: Vijay Gawalkar | Date: 1/10/2008 | Contact Vijay Gawalkar Contact Vijay Gawalkar

Checking authenticity of transaction with respect to its nature, amount, proper recording and authorisation evidenced by supporting documentary proof Source: CoolInterview.com

Answered by: Sumadhur | Date: 2/26/2009 | Contact Sumadhur Contact Sumadhur

vouching means verification of all
receipts &payment vouchers Source: CoolInterview.com

Answered by: ravindra | Date: 3/23/2009 | Contact ravindra Contact ravindra

every details of every document relative to income & expenditure account correctly vouchered. Source: CoolInterview.com

Answered by: mayur | Date: 7/1/2009 | Contact mayur Contact mayur

Vouching means written authority of transection. A transection must be held with written documents. Source: CoolInterview.com

Answered by: Muthuraman.V | Date: 7/23/2009 | Contact Muthuraman.V Contact Muthuraman.V

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. Source: CoolInterview.com

Answered by: uday | Date: 8/9/2009 | Contact uday Contact uday

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. Source: CoolInterview.com

Answered by: kishore mahajan | Date: 7/11/2010 | Contact kishore mahajan Contact kishore mahajan

Vouching is the verification of all the receipt and payments vouchers of a company to verify its authencity there on. Source: CoolInterview.com

Answered by: Omar Kofa Komora | Date: 8/8/2010 | Contact Omar Kofa Komora Contact Omar Kofa Komora


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