When a Voucher System Is Used, an Invoice Approval Is

question 43

True/False

When a voucher system is used, an invoice approval is not needed as long as the purchase is evidenced by an invoice and purchase order.

---

Definitions:

Profit Center

A segment or part of a business directly responsible for its profits and losses.

Toy Department

A specialized retail section dedicated to selling toys and games.

Profit Center

A branch or division of a company that is accounted for on a standalone basis for profit calculation.

Cost Center

A segment of a company that does not directly generate revenue but incurs costs, focusing on controlling expenses and efficiency.