Vouching is used primarily to test which of the following assertions about classes of transaction?
A)Occurrence.
B)Completeness.
C)Authorisation.
D)Classification.

Question

Quizplus · Accepted Answer

Vouching involves reviewing individual transactions and supporting documents to test whether they match with the accounting records. This is primarily done to test the occurrence of transactions, i.e., whether the recorded transactions actually happened and are verifiable. Vouching is not used to test completeness, authorization, or classification of transactions.

Vouching Is Used Primarily to Test Which of the Following