Which of the Following Statements Is True Regarding the Documents

question 119

Multiple Choice

Which of the following statements is true regarding the documents in a voucher system?

• A)All voucher systems are the same.
• B)Recording a purchase is initiated by an invoice approval.
• C)A well-designed voucher system will allow department managers to place orders directly with suppliers for control purposes.
• D)A voucher system is most commonly used in very small companies to make up for the lack of other internal controls.
• E)A well designed voucher system will eliminate all fraud and error.

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