Module 1V:

Vouching
&
Verification
Dr. Hemal Vora
Asst. Professor
Gurukul College of Commerce,
Ghatkopar, Mumbai.
 Vouching:
Vouching is comparing the entry in
books of accounts with documentary
evidence in support.
 Vouching of Payments & Expenses:-
Checking Checking
Checking
of Supporting
documents Entry
Voucher
 Checking of Voucher
1. Name
2. Voucher Date
3. Voucher number
4. Head of the Account
5. Narration
6. Amount in figures & Words
7. Authorized by/Prepared by/Entered
by/Received by
 Checking Supporting Documents
1. Client details
2. Current year
3. Bill Number
4. Description
5. Quantity
6. Stamp and Signature
 Checking Entry
1. Books of Client
2. Entry date
3. Entry number
4. Head of the Account
5. Quantity & Amounts
 Vouching Of Incomes & Receipts
Checking Entries Supporting Documents

1. Name of the company 1. Client details

2. Date 2. Date
3. Serial Number 3. Amount
4. Head of the Account 4. Details
5. Narration 5. References
6. Amounts in Figures & 6. Signatures
Words
7. Signatures
  Verification of Assets
Verification Valuation
1. Existence 1. Methods
2. Possession 2. Change in method
3. Legally owned or 3. Computation
Owed 4. Revaluation
4. Charges/Lien 5. Foreign Exchange
5. Complete Records 6. ICAI Standards
6. Audit Report 7. As per Indian
7. Closing Balance & Post Companies Act
finalization of account 8. Audit report