The-definition.com

Definition

Vouching

A voucher is documentary evidence in support of a transaction in the books of account.  The act of establishing the accuracy and authenticity of an entry in the original books of account is called vouching. Vouching means not only to substantiate an entry in the books of account with any book, contracts, but also to see that the transaction had been properly authorized, recorded and entered in the books of accounts, e.g., verification of entries in the invoices book with the invoices, checking of the cash receipts with the counterfoils of the receipt book, the checking of the cash payments with the receipts issued by the payee and so on.

Vouching means testing the truth of the entry appearing in the books of original entry. The success of an auditor in vouching depends upon his intelligence, critical bent of mind, common sense, observation and tact with which he handles his work. He should go beyond the books of account and go to the source of a transaction.

Webster Dictionary Meaning

1. Vouching
- of Vouch
Category: Microbiology
Share it:  Cite

More from this Section

  • Phylogeny
    Phylogeny is the evolutionary or ancestral history of organisms. ...
  • Classification
    Classification the systematic arrangement of units into groups, and often further arrangement ...
  • RNA
    RNA is a nucleic acid occurring in the cytoplasm and the nucleolus, containing phosphoric ...
  • Promoter
    Promoter is the binding site for RNA polymerase; it is near the operator. ...
  • Osmotic pressure
    Osmotic pressure is the force or tension built up when water diffuses through a membrane. ...