A: Vouching is the examination of documentary evidence. R: Vouching is the same as verification. Choose the correct option. MCQ with Answer and Explanation
A: Vouching is the examination of documentary evidence. R: Vouching is the same as verification. Choose the correct option.
A. Both A and R are true but R is NOT the correct explanation of A
B. A is false but R is true
C. A is true but R is false
D. Both A and R are true and R is the correct explanation of A
Answer: Option C
Solution (By JKSSB Mock Tests)
Vouching is indeed the examination of vouchers to verify transactions. However, verification is a broader term that includes proving the existence, ownership, and valuation of assets and liabilities at the balance sheet date. They are not the same. A is true, R is false.
Explanation:
If it appears inside the trial balance, the double entry is already complete (adjusted against purchases). It appears only as an asset in the Balance Sheet.
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