An example of vouching would be to:
A) trace from receiving reports to the acquisitions journal.
B) trace from cancelled cheques to the cash disbursement journal.
C) trace from the acquisitions journal to supporting vendors' invoices.
D) trace from duplicate bank deposit slips to the cash receipts journal.

Question

Quizplus · Accepted Answer

Vouching involves tracing transactions back to their source documents to ensure their accuracy and legitimacy. In this case, tracing from the acquisitions journal to supporting vendors' invoices would confirm that the purchases recorded in the journal actually occurred and were authorized by the company. The other choices involve tracing transactions forward or backward, but do not specifically relate to confirming the validity of transactions, as vouching does.

An Example of Vouching Would Be To