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Question

Which of the following documents is not relevant for vouching cash sales?


A
Daily cash sales summary
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B
Salesmen's summary
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C
Monthly statements sent to customers
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D
Bank statement
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Solution

The correct option is B Monthly statements sent to customers
Cash sales vouching can be performed by the auditor by checking the daily cash sales summary, Salesmen's summary and bank statement where the amount of cash sales is deposited. 
Monthly statement sent to customer has no relevance while checking the cash sales. 

Accountancy

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