An Assignment On Vouching (Chapter-3)
An Assignment On Vouching (Chapter-3)
On
“Vouching”
Submitted To:
Habibur Rahaman
Lecturer
Department of Management Studies
Rabindra University, Bangladesh
Submitted By:
Md. Sabbir Hossain
ID. 19030108
Session: 2018-2019
Department of Management Studies
Rabindra University, Bangladesh
Definitions of vouching
“Vouching means testing the truth of items appearing in the books of original entry”
-- J.R. Batliboi
“Vouching is an act of comparing entries in the books of accounts with documentary
evidence in support thereof”.
--Dicksee
Objectives of Vouching
All the transactions connected with the business have been recorded in the books of
accounts appropriately.
To verify all transactions recorded in the books of accounts by documentary
evidence.
The vouchers support the entries whether they are legally valid, authentic, addressed
to the business and dated properly. To verify that no fraud or error has been
committed in transaction.
The vouchers have been administered cautiously maintaining various stages of
internal checking system.
To identify accuracy while totaling, carrying forward and recording an amount in the
account.
To ensure distinction between capital and revenue items.