A voucher system is a series of prescribed control procedures

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A voucher system is designed to ensure that every payment made by a company is properly authorized, documented, and recorded. It consists of several control procedures that help to prevent errors and fraud in the disbursement process. These procedures include the use of prenumbered vouchers, approval by authorized personnel, verification of the legitimacy of the payment, and matching of the voucher to the supporting document. The main purpose of the voucher system is to assure that disbursements by check are proper.

A Voucher System Is a Series of Prescribed Control Procedures