A Voucher System Is a Series of Prescribed Control Procedures

question 49

Multiple Choice

A voucher system is a series of prescribed control procedures

• A) to check the credit worthiness of customers.
• B) designed to assure that disbursements by check are proper.
• C) which eliminates the need for a sales journal.
• D) specifically designed for small firms who may not have checking accounts.

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Definitions:

Largest Net Recipient

A term typically used in finance and trade, referring to the entity or country that receives more resources, money, or benefits than it provides or contributes.

China

China is a country in East Asia, known for being the world's most populous country and having one of the oldest civilizations. It has a mixed socialist market economy and is a major player in global affairs.

Trickle-Down Theory

The assertion that stimulating overall economic growth will ultimately help the poor.

Economic Growth

An increase in the production of economic goods and services, compared from one period of time to another, and often measured by GDP (Gross Domestic Product).