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:

Yen

The official currency of Japan, often represented by the symbol ¥.

Below-Average Sensitivity

A term often used in finance to describe investments that react less than proportionally to changes in market conditions, such as interest rates or stock prices.

Economy

The large system that encompasses all activities related to the production, consumption, and distribution of goods and services in a geographic region.

Industries

Sectors or categories of business activities focused on the production or supply of goods, services, and technology, such as technology, healthcare, or finance.