Which of the Following Statements Is Not Correct

question 96

Multiple Choice

Which of the following statements is not correct?

• A) the voucher system is used to improve control over cash disbursements
• B) the sum of the paid vouchers represents the voucher payable liability of the firm
• C) the voucher system permits the firm to consolidate payments of several invoices on one voucher
• D) many firms replace accounts payable with a voucher payable system

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Definitions:

Dementia

Severe impairment in intellectual capacity and personality, often due to damage to the brain.

Senior Moment

A colloquial term referring to the temporary memory lapses that can occur with aging.

Temporary Amnesia

A short-term loss of memory, often resulting from stress, trauma, or other psychological factors.

Psychosocial Conflict

Internal or interpersonal struggles rooted in psychological and social factors.