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Home > Accounting > Question

A voucher may be:

0
A) Payment bill
B) Wages Sheet
C) All of these
D) Bank Receipt

Correct Answer: C) All of these

• In strict corporate accounting, an official financial voucher may be All of these (bill, wage sheet, or receipt). • A voucher heavily serves as a crucial internal auditing document providing strict proof of a Financial transaction. • It acts as a massive safeguard against unauthorized corporate Cash disbursements. • The diligent verification of accounting entries using these documentary vouchers is officially called Vouching.

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