The reason for filing vouchers in an unpaid voucher file according to due date is:
A)to allow the company to take advantage of cash discounts.
B)to allow the company to cancel payment of the bills.
C)to keep accounts receivable up to date.
D)to keep the cash payments journal up to date.

Question

Quizplus · Accepted Answer

Filing vouchers in an unpaid voucher file according to due date allows the company to keep track of when payments are due and take advantage of any cash discounts that may be available for early payment. This helps the company save money and manage its cash flow.

The Reason for Filing Vouchers in an Unpaid Voucher File