In order to vouch which of the expenses the auditor will examine Bill of Entry ........

Auditing Vouching and verification

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In order to vouch, which of the expenses, the auditor will examine Bill of Entry?

Custom

Excise duties

Sales tax

Income tax

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Explanation:

- Bill of Entry: It's a critical document used in the import of goods, serving as proof of goods entering a country. It's primarily examined for customs purposes.

- Option 1: Customs: This is the correct option. Auditors examine the Bill of Entry to verify and vouch customs duty expenses and ensure compliance with import regulations.

- Option 2: Excise Duties: These are taxes on goods manufactured domestically. Bill of Entry is not used to vouch excise duties as it relates to imports.

- Option 3: Sales Tax: This tax is related to the sale of goods and services, not imports, so Bill of Entry is irrelevant here.

- Option 4: Income Tax: This is related to personal or corporate earnings, with no connection to imports or the Bill of Entry.