B Com Exam > B Com Videos > Auditing and Secretarial Practice > Vouching of Cash & Credit Sales - Vouching, Auditing and Secretarial Practice
Vouching of Cash & Credit Sales - Vouching, Auditing and Secretarial Practice Video Lecture | Auditing and Secretarial Practice - B Com
|
55 videos|53 docs|24 tests
|
FAQs on Vouching of Cash & Credit Sales - Vouching, Auditing and Secretarial Practice Video Lecture - Auditing and Secretarial Practice - B Com
| 1. What is vouching of cash and credit sales? |  |
Ans. Vouching of cash and credit sales is a process in auditing where the auditor examines the supporting documents and evidence for cash and credit sales transactions to ensure their accuracy and authenticity.
| 2. Why is vouching important in auditing cash and credit sales? | |
Ans. Vouching is important in auditing cash and credit sales because it helps the auditor verify the existence, occurrence, completeness, and accuracy of these transactions. It ensures that sales are properly recorded, supported by valid documents, and comply with accounting standards and regulations.
| 3. What are the common documents used for vouching cash and credit sales? | |
Ans. Common documents used for vouching cash and credit sales include sales invoices, cash receipts, credit memos, bank statements, customer account statements, sales orders, purchase orders, delivery receipts, and any other relevant supporting documents.
| 4. How does the auditor vouch cash sales? | |
Ans. When vouching cash sales, the auditor examines sales invoices, cash register tapes, bank deposit slips, and other relevant documents to verify the occurrence and accuracy of sales transactions. The auditor may also compare the recorded sales with the corresponding entries in the cash book or sales journal.
| 5. How does the auditor vouch credit sales? | |
Ans. To vouch credit sales, the auditor reviews sales invoices, customer account statements, credit memos, and other supporting documents to ensure that the sales are properly authorized, recorded, and supported by evidence. The auditor may also verify the accuracy of the sales ledger balances by reconciling them with the general ledger and customer account statements.
Related Exams
About this Video
|
2.8K Views |
|
4.92/5 Rating |
|
Dec 23, 2024 Last updated |
Video Description: Vouching of Cash & Credit Sales - Vouching, Auditing and Secretarial Practice for B Com 2024 is part of Auditing and Secretarial Practice preparation.
The notes and questions for Vouching of Cash & Credit Sales - Vouching, Auditing and Secretarial Practice have been prepared according to the B Com exam syllabus.
Information about Vouching of Cash & Credit Sales - Vouching, Auditing and Secretarial Practice covers all important topics for B Com 2024 Exam.
Find important definitions, questions, notes, meanings, examples, exercises and tests below for Vouching of Cash & Credit Sales - Vouching, Auditing and Secretarial Practice.
Introduction of Vouching of Cash & Credit Sales - Vouching, Auditing and Secretarial Practice in English is available as part of our Auditing and Secretarial Practice for B Com & Vouching of Cash & Credit Sales - Vouching, Auditing and Secretarial Practice in
Hindi for Auditing and Secretarial Practice course. Download more important topics related with notes, lectures and mock test series for
B Com Exam by signing up for free.
Description
Video Lecture & Questions for Vouching of Cash & Credit Sales - Vouching, Auditing and Secretarial Practice Video Lecture | Auditing and Secretarial Practice - B Com - B Com full syllabus preparation | Free video for B Com exam to prepare for Auditing and Secretarial Practice.
Information about Vouching of Cash & Credit Sales - Vouching, Auditing and Secretarial Practice
Here you can find the meaning of Vouching of Cash & Credit Sales - Vouching, Auditing and Secretarial Practice defined & explained in the simplest way possible.
Besides explaining types of Vouching of Cash & Credit Sales - Vouching, Auditing and Secretarial Practice theory, EduRev gives you an ample number of questions to practice Vouching of Cash & Credit Sales - Vouching, Auditing and Secretarial Practice tests,
examples and also practice B Com tests.
|
55 videos|53 docs|24 tests
|
|
Explore Courses for B Com exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
Free
,past year papers
,Objective type Questions
,study material
,Important questions
,Exam
,Extra Questions
,mock tests for examination
,Previous Year Questions with Solutions
,ppt
,Vouching of Cash & Credit Sales - Vouching
,video lectures
,MCQs
,Vouching of Cash & Credit Sales - Vouching
,Semester Notes
,shortcuts and tricks
,Auditing and Secretarial Practice Video Lecture | Auditing and Secretarial Practice - B Com
,Auditing and Secretarial Practice Video Lecture | Auditing and Secretarial Practice - B Com
,practice quizzes
,Viva Questions
,Sample Paper
,Vouching of Cash & Credit Sales - Vouching
,Auditing and Secretarial Practice Video Lecture | Auditing and Secretarial Practice - B Com
,Summary
;
Study Vouching of Cash & Credit Sales - Vouching, Auditing and Secretarial Practice on the App
Students of B Com can study Vouching of Cash & Credit Sales - Vouching, Auditing and Secretarial Practice alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Vouching of Cash & Credit Sales - Vouching, Auditing and Secretarial Practice,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of Vouching of Cash & Credit Sales - Vouching, Auditing and Secretarial Practice is prepared as per the latest B Com syllabus.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup