A voucher
A) Is a bill from the vendor.
B) Is a document that records the receipt of goods.
C) Is a document that requests goods from an authorized individual in the entity.
D) Serves as the basis for recording a vendor's invoice in the purchases journal.

Question

Quizplus · Accepted Answer

A voucher serves as the basis for recording a vendor's invoice in the purchases journal. It is a document that contains details of the transaction, such as the date, vendor name, amount, and description of goods or services purchased. It is prepared by the entity's authorized personnel to request goods or services from a vendor, and upon receipt of the goods or services, the voucher is used to record the transaction in the accounting records.

A Voucher