Support following points regarding “Vouching of Cash Receipt” Transactions” with suitable business example

1-Cash Receipt should be received for the business. Example

2-Cash should be receiving by authorized person. Example

3-Documentary Evidence of cash receipt transaction should be maintained Example

4-Cash Receipt transaction should be of relevant financial year. Example

5-Record of cash receipt transaction should be maintained properly. Example

Answer rating: 100% (QA)

1Cash Receipt should be received for the business Example cash received for services ... View the full answer