The Element That Is Used in the Voucher System Is

question 35

Multiple Choice

The element that is used in the voucher system is the:

• A)voucher register.
• B)tickler file.
• C)paid voucher file.
• D)All of these elements are used in a voucher system.

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Definitions:

Net Income

Net income is the total profit of a company after all expenses and taxes have been deducted from revenue, indicating the company's financial performance over a specific period.

Retained Earnings

The portion of net income that is not distributed to shareholders but is kept by the company to reinvest in its core business or to pay debt.

Net Income

The sum a company holds onto after subtracting expenses and taxes from the total revenue earned.

Cash Dividends

Payments made by a corporation to its shareholders out of the company's current or retained earnings.