General Knowledge MCQ #45

The process of verifying the documentary evidence of transactions is known as:

General Knowledge MCQ #45

  1. Question 1

    Q1. The process of verifying the documentary evidence of transactions is known as:

    • A) Auditing
    • B) Vouching
    • C) Testing
    • D) Verification

    Answer: Vouching

    Explanation: Vouching is the audit procedure of examining documentary evidence (invoices, receipts, contracts) to verify the authenticity and accuracy of recorded transactions.