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    Question

    Vouching primarily relates

    to:
    A Verification of assets Correct Answer Incorrect Answer
    B Verification of liabilities Correct Answer Incorrect Answer
    C Verification of transactions Correct Answer Incorrect Answer
    D Verification of stock Correct Answer Incorrect Answer

    Solution

    Vouching is the process of examining the documentary evidence (vouchers) that supports and validates a business transaction recorded in the books of accounts.

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