Auditing-Vouching

_____________ is concerned with examining documentary evidence to ascertain the authenticity of entries in books of accounts.

____________ is the backbone of the Auditing.

A transaction is recorded in the books only when a documentary evidence is available to support the transaction. That documentary evidence is known as ____.

• Voucher

• Cash Memo

• Pay-in-slips

• All of the above

When a written evidence is available in original, it is known as ____________.

• Primary Voucher

• collateral voucher

Vouching is an ____________ device.

• Mechanical

• Intelligent

• Reliability

Auditor can verify the opening balance of cash receipts(Receipt side) of the current year with

• Closing balance of the current year

• Closing balance of the last year

• Audited balance sheet of the last year

• Audited balance sheet of the current year

Vouchers available for cash sales are

• Duplicate cash memo, salesman abstracts

• Salesman abstracts, cashier summaries

• Duplicate cash memo, cashier summaries

• Duplicate cash memo, salesman abstracts, cashier summaries

Sometimes payment received from a customer is misappropriated without making entry in his account and later when cash is received from another customer, it is posted to the account of former customer.

________ covers the control of the whole management system.

• Internal Audit

• Internal Check

• Internal Control

The following picture depicts

• Internal Control

• Internal Audit

• Internal check