Which of the Following Statements Describes a Voucher

question 44

Multiple Choice

Which of the following statements describes a voucher?

• A)It is a report showing that the goods have been received in good condition,as ordered.
• B)It is a statement from the supplier showing the goods purchased and the amount due.
• C)It is an order to purchase goods from a supplier.
• D)It is a document authorising a payment to a supplier.

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Definitions:

Journal

A book or digital record where financial transactions are initially recorded in chronological order.

Ledger Accounts

Records that summarize all the transactions related to a particular aspect of a business's finances, such as assets, liabilities, equity, revenue, and expenses.

Unearned Revenues

Income received by a company for goods or services yet to be delivered or performed, considered a liability until earned.

Revenues

The total income generated by a company from its normal business operations, before any expenses are subtracted.