Figure 1.2 Using the Figure Above, Identify the Labeled Part

question 88

Short Answer

Figure 1.2

Using the figure above, identify the labeled part.
-Label J: ______________________________

---

Definitions:

Voucher System

An accounting system used to authorize and record transactions such as purchases or sales.

Purchases Journal

A record of all purchases of goods and services on credit, aimed at simplifying the accounting process.

Voucher Register

A record of vouchers that have been prepared, detailing amounts to be paid, accounts affected, and supporting documentation.

Voucher System

A control mechanism in accounting wherein vouchers are prepared as evidence of authorization before transactions are recorded.