When using a voucher system,all of the following are true except that:
A)the purchase order must be completed and approved before the goods are purchased.
B)a receiving report is completed when goods are received and is checked against the purchase order.
C)someone in the receiving department verifies the numbers and checks the purchase order and purchase invoice for accuracy.
D)after all the steps are complete,payment is issued in the form of a check.

Question

Quizplus · Accepted Answer

In a voucher system, it is typically someone in the accounting or finance department, not the receiving department, who verifies the numbers and checks the purchase order and purchase invoice for accuracy. This separation of duties helps to ensure the accuracy and integrity of the financial records.

When Using a Voucher System,all of the Following Are True