Question
Solve with explanation- 1.Vouching recommends a)Inspection of receipts b)Examination of vouchers to check validness of records c)Surprise checking of accounting records d)Examining the various assets
Solve with explanation-
1.Vouching recommends
a)Inspection of receipts
b)Examination of vouchers to check validness of records
c)Surprise checking of accounting records
d)Examining the various assets
2.Payment for items purchased should be vouched with the help of
a)Creditors verbalization
b)Correspondence with suppliers
c)Cash updates
d)Ledger accounts
3.Payment for compensation should be vouched with the help of
a)Piece work clarification
b)Wage sheets
c)Minute book
d)Bank pass book
4.Payment for building purchased should be vouched with the help of
a)Title deed
b)Correspondence with Brokers
c)Building account
d)Cash book
5.Investment should be vouched with the help of
a)Commission book
b)Brokers book
c)Sales deeds
d)Minute book
6.Receipt from obligation holders should be vouched with the help of
a)Counterfoil Receipts cash book
b)Suppliers clarification
c)Sales Deeds
d)General Ledger
7.Receipt from offer of hypothesis should be vouched with the help of
a)Brokers Budget Notes
b)Brokers Sold Notes
c)Minute Book
d)Inventory of adventure
8.Purchases returns should be vouched with the help of
a)Bought Notes
b)Credit Notes
c)Goods inner Book
d)Cash Book
9.Verification implies
a)Examination of journal and record
b)Examination of vouchers related to assets
c)Examining the real presence and valuation of assets
d)Calculation of assessment of assets
10.Object of affirmation of assets
a)Physical affirmation of assets
b)Checking assessment of assets
c)Examining the authority of their getting
d)All of the previously mentioned
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