Accounting · Vouching
Which of the following is NOT an essential point to be observed during vouching?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The voucher is supported by relevant documentary evidence.
- 2The voucher date falls within the accounting period.
- 3The voucher must cover an item which is strictly a revenue expense or income.✓
- 4The voucher is duly authorised.
Correct answer
The voucher must cover an item which is strictly a revenue expense or income.
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