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WorksheetsAuditing-Vouching
Total questions: 15
Worksheet time: 6mins
(a) is concerned with examining documentary evidence to ascertain the authenticity of entries in books of accounts.
(a) is the backbone of the Auditing.
A transaction is recorded in the books only when a documentary evidence is available to support the transaction. That documentary evidence is known as ____.
Voucher
Cash Memo
Pay-in-slips
All of the above
When a written evidence is available in original, it is known as ____________.
Primary Voucher
collateral voucher
Vouching is an ____________ device.
Mechanical
Intelligent
Reliability
Auditor can verify the opening balance of cash receipts(Receipt side) of the current year with
Closing balance of the current year
Closing balance of the last year
Audited balance sheet of the last year
Audited balance sheet of the current year
Vouchers available for cash sales are
Duplicate cash memo, salesman abstracts
Salesman abstracts, cashier summaries
Duplicate cash memo, cashier summaries
Duplicate cash memo, salesman abstracts, cashier summaries
Sometimes payment received from a customer is misappropriated without making entry in his account and later when cash is received from another customer, it is posted to the account of former customer.
(a)
________ covers the control of the whole management system.
Internal Audit
Internal Check
Internal Control
The following picture depicts
Internal Control
Internal Audit
Internal check
____________ is a word which defines the characteristic features of Internal control.
CROSSASIA
CROSASIA
All cheques, drafts, postal orders should be cancelled on receipt by means of a stamp with a crossing
Not Negotiable-A/c Payee only
Not Negotiable
A/c payee only
(a) no. of cash memo copies will be prepared by the salesman for cash sales.
(a) checking is a part of vouching and includes check of totals ,Sub-totals , posting into ledgers & checking of ledger Accounts regularly .
________is a review of operations and records undertaken in an enterprise , by specifically assigned staff who will evaluate the correctness of the records and the effectiveness of business operations on a continuous basis.
Internal Check
Internal Audit
Routine Checking
Test Checking
