A Voucher Is an Internal Document or File

question 102

Multiple Choice

A voucher is an internal document or file:

• A) Used to accumulate information needed to control cash disbursements and to ensure that transactions are properly recorded.
• B) Used as a substitute for an invoice if the supplier fails to send one.
• C) Takes the place of a bank check.
• D) Prepared after an invoice is received.
• E) Prepared before the company orders goods to make sure that all goods are being ordered from an approved vendor list.

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Definitions:

Dividends Paid

The portion of a company's earnings that is distributed to shareholders, typically in the form of cash payments or additional stock.

Net New Investments

This refers to the total amount of money invested in new asset purchases minus any sales of assets over a specific period, reflecting a company's growth investment activities.

Cash Flow From Investing

Cash flow from investing activities is a section of a company's cash flow statement that shows the inflow and outflow of cash resulting from investment activities, such as purchases or sales of physical assets or investments in securities.

Production Machinery

Equipment and machines used in the manufacturing process to produce goods and products.