Debentures are shown in Balance Sheet under: MCQ with Answer and Explanation

Explanation:
Vouching is considered the backbone of auditing because it provides the primary evidence for the transactions recorded. It verifies authenticity by checking supporting documents. R correctly explains why it is the backbone.

Explanation:
Contra entries involve transactions between cash and bank columns and are recorded exclusively in the triple-column cash book.

Explanation:
PFMS ensures transparency, tracking of fund utilization down to the lowest level, and Direct Benefit Transfers directly into beneficiaries' accounts.