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A supervisor is rating an employee's performance on each of several general dimensions, using a scale from 1 to 10. In other words, the supervisor is filling out a
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.
Approved Voucher
A document or record that authorizes a payment and confirms that goods or services have been received and are satisfactory, ready for payment processing.
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