The 'Gratuity' is a: MCQ with Answer and Explanation

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.

Explanation:
Grants are recognised in P&L over the periods necessary to match them with the related costs.

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.