Multiple Choice Questions on For vouching of which item the auditor is most likely to examine cost records ........ for Punjab Government (Allied) Exams Preparation

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Multiple Choice Questions

For vouching of which item the auditor is most likely to examine cost records ........

Auditing Vouching and verification
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    For vouching of which item, the auditor is most likely to examine cost records?

    Commission earned

    Incorrect Answer

    Bad debts recorded

    Incorrect Answer

    Credit sales

    Incorrect Answer

    Sale of scrap

    Correct Answer
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    Explanation:

    In sale of scrap auditor will examine cost records

    Vouching is verification of entries in the books of account by examination of documentary evidence or vouchers, such as invoices, debit and credit notes, statements, receipts, etc.

    By: Parvesh Mehta
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