What Is Not an Advantage of Using Disbursement Vouchers

question 71

Multiple Choice

What is not an advantage of using disbursement vouchers?

• A)Disbursement vouchers reduce the number of checks written.
• B)Disbursement vouchers can be prenumbered which simplifies the tracking of all payables.
• C)Disbursement vouchers facilitate separating the time of invoice approval from the time of invoice payment.
• D)There are no disadvantages to using disbursement vouchers.

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Definitions:

Earnings Per Share

A financial metric indicating the portion of a company's profit allocated to each outstanding share of common stock.

Price-Earnings Ratio

A financial ratio that measures a company's current share price relative to its per-share earnings, used to evaluate the relative value of a company's shares in the market.

Partial Income Statement

An income statement that reports revenue, expenses, and net income over a specified period of time but does not include all of the details found in a comprehensive income statement.

Earnings Per Common Share

A measure of a company's profitability that calculates the net income available to common shareholders per share of common stock outstanding.