A Voucher Is an Internal Document or File

question 33

Multiple Choice

A voucher is an internal document or file:

• A)Prepared after an invoice is received.
• B)Used as a substitute for an invoice if the supplier fails to send one.
• C)Used to accumulate information needed to control cash disbursements and to ensure that transactions are properly recorded.
• D)Takes the place of a bank check.
• E)Prepared before the company orders goods to make sure that all goods are being ordered from an approved vendor list.

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Definitions:

Project Outcome

The final results or consequences of completing a project, including its success, failure, or any deviations from the original goals.

Range Of Outcomes

The spectrum of possible results or consequences that may arise from a particular decision or action.

Variable Cost Per Unit

The cost associated with producing one additional unit of a product, which may fluctuate with production volume.

Net Present Value

A calculation used to assess the profitability of an investment or project, considering the time value of money by discounting future cash flows to the present value.