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

The correct answer is Monthly statements sent to customers

Monthly statements sent to customers are not relevant for vouching for cash sales. Monthly statements are issued to all customers irrespective of cash or credit sales.

Key Points

Vouching:

• Vouching is defined as the verification of entries in the books of account by examination of documentary evidence or vouchers, such as invoices, debit and credit notes, statements, receipts, etc.
• All such types of documentary evidence are known as vouchers.

Important Points Vouching Cash Sales:

Daily cash sales summary: This is the summary of the daily amount of cash sales made by the company. This is a principal document in vouching for cash sales.

Monthly statements sent to customers: This document is not relevant for vouching for cash sales since monthly statements are issued to all customers irrespective of cash or credit sales.

Salesmen's statement: This document is useful in vouching for cash sales since it is the statement maintained by the salesman through which all the sales are made.

Bank statement: All the cash sales are made by making payments in cash or through a bank. The bank statement shows all the money received against sales made. This proves a useful document in vouching cash sales.