Which of the Following Statements Is Not Correct

question 75

Multiple Choice

Which of the following statements is not correct?

• A)The voucher system is used to improve control over cash disbursements.
• B)The sum of the paid vouchers represents the voucher payable liability of the firm.
• C)The voucher system permits the firm to consolidate payments of several invoices on one voucher.
• D)Many firms replace accounts payable with a voucher payable system.

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Definitions:

Polarized

Divided into two sharply contrasting groups or sets of opinions or beliefs.

All-Or-Nothing Principle

The principle that once the electrical impulse reaches a certain level of intensity (its threshold), it fires and moves all the way down the axon without losing any intensity.

Electrical Impulse

A sudden surge of energy in one direction, particularly in the context of neurons firing and transmitting information in the body.

Axon

A long, slender projection of a neuron that typically conducts electrical impulses away from the neuron's cell body.