Which of the Following Is True of a Voucher System

question 74

Multiple Choice

Which of the following is true of a voucher system?

• A) All expenditures such as rent and interest would first be credited to Accounts Payable before payment is made.
• B) Transactions are first entered in the voucher register, then payment is made in the voucher register.
• C) The check register replaces the cash payments journal.
• D) Either A or B would be correct.

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Definitions:

Bias

A systematic error or unfair influence leading to incorrect conclusions or misrepresentations in data collection, analysis, or interpretation.

Shuffled

The process of randomly mixing or rearranging items, such as data points or playing cards, to ensure randomness.

Ordinary Deck

Refers to a standard deck of playing cards including 52 cards divided into four suits, used in a wide variety of card games.

Random

Random refers to a lack of order, purpose, cause, or predictability in events or processes, often used in statistical sampling to ensure that each item has an equal chance of being chosen.