Auditing - Vouching of Credit Side of Cash Book (or) Cash Payments | 11th Auditing : Chapter 6 and 7 : Vouching of Cash Transactions

Chapter: 11th Auditing : Chapter 6 and 7 : Vouching of Cash Transactions

Vouching of Credit Side of Cash Book (or) Cash Payments

The auditor vouches cash payments with an objective to ensure that all cash payments pertaining to business activities are genuine and properly authorized.

Vouching of Credit Side of Cash Book (or) Cash Payments

The auditor vouches cash payments with an objective to ensure that all cash payments pertaining to business activities are genuine and properly authorized. The auditor in vouching cash payments or credit side of Cash Book should ensure that payments are made for the purpose of business, payment relates to the period under audit, payment is properly sanctioned and recorded, payment has been made to the right person, and payment is properly supported by a voucher and same as entered in Cash Book.

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11th Auditing : Chapter 6 and 7 : Vouching of Cash Transactions : Vouching of Credit Side of Cash Book (or) Cash Payments | Auditing