Which of the Following Statements Concerning a Voucher Is Not

question 164

Multiple Choice

Which of the following statements concerning a voucher is not correct?

• A)The voucher consists of the purchase requisition,the purchase order,the receiving report,and the invoice.
• B)The voucher is marked "paid" so that it cannot be accidentally or intentionally resubmitted for duplicate payment.
• C)The voucher must be prepared before the goods or services are ordered.
• D)After the voucher is prepared,the company processes a check or electronic funds transfer to pay for the items purchased and received.

---

Definitions:

Net Advantage

An evaluation metric that identifies the benefits minus the costs of pursuing a specific action or investment.

Depreciation Tax Shield

A tax reduction achieved through deducting depreciation expenses, lowering taxable income.

Straight-Line Method

A method of calculating depreciation of an asset, which assumes the asset will lose an equal amount of value each year over its useful life.

CCA Rate

The Capital Cost Allowance rate, which is used for tax purposes to determine the yearly depreciation expense that can be claimed on tangible and intangible assets.