National Saving Is

question 25

Multiple Choice

National saving is:

• A) private saving.
• B) public saving.
• C) private saving plus public saving.
• D) private saving minus public saving.

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Definitions:

Voucher System

A set of procedures for authorizing and recording liabilities and cash payments.

Internal Control

Procedures and policies implemented by a company to safeguard its assets, ensure accurate financial reporting, and promote operational efficiency.

Cash Payments

Transactions in which payment for goods or services is made with cash at the time of purchase.

Voucher

A special form for recording relevant data about a liability and the details of its payment.