COMMERCESTUDYGUIDE

Auditing is the backbone of vouching Vouching is the backbone of auditing Vouching is the backbone of accounting All of the above Answer: Vouching is the backbone of auditing

Annual Audit Continuous Audit Partial Audit Government Audit Answer 2. Continuous Audit Explanation Continuous Audit is conducted throughout the year.

George R. Terry Peter F. Drucker Herbert A. Simon R.S. Davar Explanation The concept of Bounded Rationality has been given byHerbert A. Simon. Bounded Rationality is the idwa that individual decision making is rationaly limited due to limited information, time and cognitive ability.