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………… means “proving the truth or confirmation”
Vouching
Verification
Inspection
Auditing
- Vouching: This is the process of checking the authenticity of financial documents to ensure accuracy in accounting records.
- Verification: This involves proving the truth or confirmation of something. It’s often used in various fields to ensure information or data is accurate and reliable.
- Inspection: This is a careful examination or scrutiny of something, often to assess quality or condition.
- Auditing: This is an official financial examination of an organization's accounts, typically done by an independent body.
The term that means "proving the truth or confirmation" is Verification.
By: Parvesh Mehta ProfileResourcesReport error
Shivanand Pandurang Nimbolkar
Auditing proves the confirmation of fair and true books of accounts
Verification means "proving the truth" or "confirmation". Verification is an auditing process in which auditor satisfy himself with the actual existence of assets and liabilities appearing in the Statement of Financial position. Auditing is the. verification of financial position as disclosed by the financial statements. It is an examination. of accounts to ascertain whether the financial statements give a true and fair view financial. position and profit or loss of the business
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