A Voucher Is an Internal File

question 4

Multiple Choice

A voucher is an internal file:

• A) Prepared after an invoice is received.
• B) Used as a substitute for an invoice.
• C) Used to accumulate information needed to control cash disbursements and to ensure that transactions are properly recorded.
• D) Takes the place of a bank check.
• E) Prepared before the company orders goods.

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Definitions:

Nation

A large body of people united by common descent, history, culture, or language, inhabiting a particular country or territory.

Performance Measurement

The process of assessing progress towards achieving predetermined goals, typically involves quantitatively and qualitatively evaluating the efficiency and effectiveness of action.

Process Reengineering

The fundamental rethinking and radical redesign of business processes to achieve dramatic improvements in critical measures of performance such as cost, service, and speed.

Management Systems

Frameworks used by organizations to coordinate activities, achieve objectives, and manage resources effectively.