Which of the following fundamental principles is true regarding the relationship between accounting entries and vouchers?

Question

Accounting · Vouching

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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Correct answer

There should be no entry in the books without a voucher, and no voucher should remain unentered.

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Answer 1

None of the above statements are true.

Answer 2

There should be no entry in the books without a voucher, and no voucher should remain unentered.

Answer 3

Comparing vouchers with ledger entries is optional and not essential during auditing.

Answer 4

An entry can be made in the books of accounts without any supporting voucher.

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