Thursday, February 27, 2014

How to prepare the chapter Vouching - Basic points covered in vouching of all transactions BY CA. Nitin Gupta


Basic points

  • Examine voucher of the transaction, it should be properly dated, serially numbered and duly authorized.
  • Examine the calculation of voucher.
  • Examine proper recording of transaction. Related accounts are properly debited & credited.
  • Examine posting in relevant ledgers.
  • Examine cash book. (Receipt/ Payment)
  • Examine acknowledgement received (in case of payment)/ provided (in case of receipt)


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