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.

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Definitions:

Quality Inspection Costs

Expenses associated with the process of checking goods or services for compliance with required quality standards.

Activity Based Costing

A costing method that assigns overhead and indirect costs to specific activities, providing a more accurate reflection of actual costs involved in production.

Cost Of Resources

The total expense incurred in utilizing assets, materials, or services for the purpose of producing goods or providing services.

Forklifting Costs

Forklifting costs refer to the expenses associated with operating and maintaining forklifts in a storage or manufacturing facility, including fuel, repairs, and labor.