In a properly-designed accounts payable system, a voucher is prepared after the invoice, purchase order, requisition and receiving report are verified.The next step in the system is:
A)approval of the voucher for payment.
B)entering of the voucher into the voucher register.
C)entry of the cheque amount in the cheque register.
D)cancellation of the supporting documents.

Question

Quizplus · Accepted Answer

After a voucher is prepared and verified, it is entered into the voucher register to record the liability before proceeding to payment approval.

In a Properly-Designed Accounts Payable System, a Voucher Is Prepared