Vouchers Should Be Stamped PAID to

question 44

Multiple Choice

Vouchers should be stamped PAID to

• A)Prevent duplicate payment.
• B)Generate a new purchase order.
• C)Indicate posting in the voucher register.
• D)Facilitate preparation of the bank reconciliation.

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Definitions:

Signature

A person's handwritten or digitally authenticated mark used to signify agreement, consent, or identification.

Negotiable Instrument

A written document guaranteeing the payment of a specific amount of money, either on demand or at a set time.

Primarily Liable

Primarily liable refers to the party that is first and foremost responsible for fulfilling an obligation or compensating for a liability.

Secondarily Liable

Secondarily liable refers to a party's obligation to pay a debt or perform a duty if the primary party responsible fails to do so.