The 2014-2015 Annual Report from the Office of the Correctional

question 83

True/False

The 2014-2015 annual report from the Office of the Correctional Investigator especially noted the problem of an aging prison population.

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Definitions:

Voucher System

A control or accounting system where vouchers (documents that prove a transaction) are used to authorize and record transactions in an accounts payable system.

Account Payable

The liability created by a purchase on account.

Credit Balance

A situation where the sum of credits in an account exceeds the sum of debits, often indicating a liability or revenue.

Cash Short

Cash Short refers to a situation where the actual amount of cash on hand is less than the recorded amount in the accounting records, indicating a discrepancy that needs investigation.