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Perform the indicated operation. Simplify if possible.
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Voucher System
A control mechanism in accounting that ensures all purchases and expenditures are properly authorized before payment is made.
Petty Cash Fund
A small amount of cash kept on hand for minor or incidental expenses.
Voucher System
A control mechanism in accounting that involves authorization and documentation before a financial transaction is made.
General Journal Entries
Basic accounting records where all day-to-day financial transactions of a business are initially recorded, before being transferred to specific accounts in the general ledger.
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