OBJECTIVES OF VOUCHING

The basic objectives of vouching are as under:

1. To ensure that all the transactions are properly recorded in the books of accounts.

2. To see the proper evidence supports all the entries of the transactions.

3. To make sure that fraudulent transactions are not recorded in the books of accounts.

4. To see that all transactions relating to business are recorded in the books of accounts.

5. To see that all transactions are properly authenticated by a responsible person.