Which of the Following Statements Is Not Correct

question 96

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:

Monthly Memory Tests

Periodic assessments conducted every month to evaluate an individual's memory retention and recall abilities.

First-Time

Experiencing, encountering, or undergoing something for the very first time.

Specific Recollections

The act of remembering and recounting detailed memories from specific events in one's past.