In the Voucher System,the Purchases Journal Is Replaced by The

question 55

Multiple Choice

In the voucher system,the purchases journal is replaced by the:

• A)check register.
• B)sales register.
• C)invoice register.
• D)voucher register.

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Definitions:

Line Segment AB

A part of a line that is bounded by two distinct end points, A and B, and contains every point on the line between A and B.

Marginal Cost Curve

A graphical representation showing how the cost of producing one additional item changes with increased production.

Average Variable Cost Curve

A curve showing the average variable costs (costs that change with output) per unit of output over different levels of production.

Average Fixed Costs

The fixed costs of production divided by the quantity of output produced, illustrating how fixed costs dilute with increased output.