Important principles of internal control include:
A) that no payment can be made without an approved voucher.
B) that all transactions are backed with documentation.
C) separation of duties.
D) All of these answers are correct.
Correct Answer:
Verified
Q3: All paid vouchers may be filed in
Q4: In a voucher system,the controlling account in
Q5: A voucher register is:
A)a replacement for the
Q5: A voucher system is designed to control
Q5: The check register is:
A) a special journal.
B)
Q8: On the balance sheet,the liability for vouchers
Q9: The reason for filing vouchers in an
Q9: When a purchase is made,the business will:
A)credit
Q11: Which of the following is not a
Q19: A voucher is made for every:
A)cash receipt.
B)cash
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