Vouching of the balances of all incomes and expenses account is known as vouching of ........

Auditing Vouching and verification

Vouching of the balances of all incomes and expenses account is known as vouching of ______.

Personal ledger.

Impersonal ledger.

Cash

Sales

- Option 1: Personal ledger

- This ledger records transactions related to individuals and firms, such as creditors and debtors.

- It deals with accounts reflecting personal transaction history.

- Option 2: Impersonal ledger

- This includes both the real and nominal accounts.

- It records all income and expenses related accounts, making it related to vouching of all income and expense balances.

- Option 3: Cash

- This deals specifically with cash transactions, involving receipts and payments.

- It doesn’t cover all income and expense accounts.

- Option 4: Sales

- This focuses specifically on sales transactions.

- It is just one part of the income accounts, not a complete vouching of all incomes and expenses.

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