A Voucher

question 66

Multiple Choice

A voucher:

• A)is received from customers to explain the purpose of a payment.
• B)is normally prepared in the Accounting Department.
• C)system is used to control cash receipts.
• D)system is an internal control procedure to verify that the assets in the records are the ones the company owns.

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Definitions:

Binding Precedent

A previous case that a particular court must follow.

Courts

Institutions that interpret and apply the law to resolve disputes and administer justice in civil, criminal, and administrative matters.

Precedent

A legal decision or case that serves as an example or authority for deciding subsequent cases involving similar facts or issues.

Executive Memorandum

An official document from an executive branch, such as the President or a governor, that provides directions or actions for government agencies to follow, less formal than an executive order.