A Voucher Is a Form Where Pertinent Data About a Liability

question 39

True/False

A voucher is a form where pertinent data about a liability and the particulars of its payment are recorded.

---

Definitions:

Financing Activities

Transactions related to raising capital and paying back investors, including issuing equity and debt as well as dividend payments.

Cash Flow Statement

A report summarizing the total cash entering a company from operational activities and external investments, alongside the total cash spent on business operations and investments within a specific timeframe.

Productive Asset

An asset used in the operations of a business that contributes to its ability to generate revenue, such as machinery, buildings, and equipment.

Accumulated Depreciation

The total amount of depreciation expense that has been recorded against a fixed asset since it was put into use.