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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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