Which one of the following identifies the necessary information to maintain a built-up voucher system?
A) All approved invoices awaiting payment, paid invoices, and the vendor subsidiary ledger
B) All approved invoices awaiting payment
C) All paid and unpaid invoices
D) A vendor subsidiary ledger and paid invoice file

Question

Quizplus · Accepted Answer

A built-up voucher system requires tracking all approved invoices awaiting payment, paid invoices, and maintaining a vendor subsidiary ledger to ensure accurate and comprehensive financial records.

Which One of the Following Identifies the Necessary Information to Maintain