A Voucher Is an Internal Document or File

question 102

Multiple Choice

A voucher is an internal document or file:

• A) Used to accumulate information needed to control cash disbursements and to ensure that transactions are properly recorded.
• B) Used as a substitute for an invoice if the supplier fails to send one.
• C) Takes the place of a bank check.
• D) Prepared after an invoice is received.
• E) Prepared before the company orders goods to make sure that all goods are being ordered from an approved vendor list.

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Definitions:

Earnings Per Share

A financial metric indicating the portion of a company's profit allocated to each outstanding share of common stock.

Price-Earnings Ratio

A financial ratio that measures a company's current share price relative to its per-share earnings, used to evaluate the relative value of a company's shares in the market.

Partial Income Statement

An income statement that reports revenue, expenses, and net income over a specified period of time but does not include all of the details found in a comprehensive income statement.

Earnings Per Common Share

A measure of a company's profitability that calculates the net income available to common shareholders per share of common stock outstanding.