The entry to record the incurrence of an expense will include:
A) a debit to expense and a credit to Cash.
B) a debit to the expense and a credit to Vouchers Payable.
C) a debit to the expense and a credit to Accounts Payable.
D) a debit to Vouchers Payable and a credit to the expense.
Correct Answer:
Verified
Q36: Which of the following business documents would
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Q38: The company receiving a purchase order prepares
Q39: The voucher system strengthens internal control because:
A)
Q40: After payment is made, a notation is
Q42: Vouchers Payable is not a liability account
Q43: The voucher system is a form of
Q44: The information contained on a voucher includes:
Q45: If Vouchers Payable has been credited, it
Q46: The entry to record payment of a
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