The voucher system of control:
A) Is a set of procedures and approvals designed to control cash receipts and the acceptance of obligations.
B) Establishes procedures for verifying, approving, and recording obligations for eventual cash disbursement.
C) Establishes procedures for receiving checks for the sale of verified, approved, and recorded activities.
D) Applies only when multiple purchases are made from the same supplier.
E) All of these.

Question

Quizplus · Accepted Answer

The voucher system of control primarily establishes procedures for verifying, approving, and recording obligations for eventual cash disbursement, ensuring that all expenditures are properly authorized and recorded before payment is made.

The Voucher System of Control