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__________________ means "Proving the truth".

  • A.Vouching
  • B.Verification
  • C.Book-keeping
  • D.Environmental accounting

Answer: B

Verification means proving the truth, that is, establishing that the assets and liabilities shown in the balance sheet exist, are owned by the business and are fairly valued. Vouching is the examination of the documentary evidence supporting entries in the books, book-keeping is the recording of transactions, and environmental accounting is about the cost of environmental effects. Only verification means proving the truth of the balance sheet items.

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