When Using a Voucher System,all of the Following Are True

question 101

Multiple Choice

When using a voucher system,all of the following are true except that:

• A)the purchase order must be completed and approved before the goods are purchased.
• B)a receiving report is completed when goods are received and is checked against the purchase order.
• C)someone in the receiving department verifies the numbers and checks the purchase order and purchase invoice for accuracy.
• D)after all the steps are complete,payment is issued in the form of a check.

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Definitions:

Scatter Diagram

A graphical representation used to visualize the relationship between two quantitative variables, showing correlation patterns.

Cost

The value, measured in monetary terms, required to gain something or what is spent in order to buy, make, or achieve something.

Level Of Activity

A measure of the volume of production or operations, often influencing costs and profits in businesses.

Economic Plausibility

The degree to which economic theories or assumptions are realistic and make sense in real-world conditions.