Which Disbursement System Most Easily Facilitates Paying a Number of Invoices

question 80

Multiple Choice

Which disbursement system most easily facilitates paying a number of invoices with a single check?

• A) nonvoucher system
• B) voucher system
• C) balance-forward system
• D) open-items system

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Definitions:

Dividend

The number being divided.

Rate of Yield

A financial ratio that measures the annual return on an investment expressed as a percentage.

Commission Charges

Fees that are paid to an agent or company for facilitating a transaction, often calculated as a percentage of the transaction value.

Total Cost

The full amount of expenses incurred for producing or acquiring a product or service.