Under a voucher system a prenumbered voucher is prepared for every
A) cash receipt regardless of source.
B) transaction entered into by the business.
C) expenditure except those made from petty cash.
D) journal entry.

Question

Quizplus · Accepted Answer

Under a voucher system, a prenumbered voucher is typically prepared for every expenditure except those made from petty cash. This system helps in controlling and recording expenditures by ensuring that each transaction is authorized and documented before a payment is made.

Under a Voucher System a Prenumbered Voucher Is Prepared for Every