In a Properly-Designed Accounts Payable System, a Voucher Is Prepared

question 59

Multiple Choice

In a properly-designed accounts payable system, a voucher is prepared after the invoice, purchase order, requisition and receiving report are verified.The next step in the system is:

• A)approval of the voucher for payment.
• B)entering of the voucher into the voucher register.
• C)entry of the cheque amount in the cheque register.
• D)cancellation of the supporting documents.

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Definitions:

Descriptive Statistics

Mathematical procedures that allow a researcher to characterize a data pattern; these procedures include measures of central tendency and of variability.

Demand Characteristics

Cues in an experimental environment that suggest to participants what behavior is expected or desired by the researcher.

Obviously Correct

A term indicating that something is clearly right or true, leaving no room for doubt or debate.

Frequency Distributions

A statistical representation, often visual, that displays the number of occurrences of each distinct value of a variable.