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Periodicity is a common problem with using a systematic sampling method.
Voucher System
A control mechanism in accounting that uses vouchers to record transaction details and authorize cash disbursements.
Voucher System
An internal financial control system for managing disbursements and ensuring all transactions are properly documented and approved before payments are made.
Periodic Inventory Method
An accounting method where inventory is physically counted at the end of each period to determine the cost of goods sold and ending inventory.
Petty Cash Fund
Fund (source) that allows payment of small amounts without the writing of checks.
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