A Voucher System Is a Set of Procedures and Approvals

question 112

Multiple Choice

A voucher system is a set of procedures and approvals:

• A) Designed to determine if the company is operating profitably.
• B) Used almost exclusively by small companies.
• C) Designed to eliminate the need for subsidiary ledgers.
• D) Used to ensure that the company sells on credit only to creditworthy customers.
• E) Designed to control cash disbursements and the acceptance of obligations.