Under a voucher system,every liability is recorded at the time:
A) of requisition of goods.
B) of receipt of goods.
C) of order placement.
D) the liability is incurred.
Correct Answer:
Verified
Q21: The voucher register would contain a column
Q22: The voucher register in a voucher system
Q23: Important control features provided by a voucher
Q24: Before a voucher is approved for payment,all
Q27: The company receiving a purchase order prepares
Q28: Each entry in a voucher register includes
Q29: Using the gross method,record the payment of
Q32: On the balance sheet, Vouchers Payable would
Q36: Which of the following business documents would
Q40: After payment is made, a notation is
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