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:

Metric System

A decimal system of measurement based on meters, liters, and grams as units of length, volume, and weight respectively.

Liter

A metric unit of volume equal to one cubic decimeter or 1000 cubic centimeters, commonly used to measure liquids.

Gram

A unit of mass equal to one thousandth of a kilogram, often used in science and nutrition to measure small quantities.