Cash disbursements are authorized by
A)Purchase orders.
B)Invoices.
C)Receiving reports.
D)A complete voucher package.

Question

Quizplus · Accepted Answer

A complete voucher package consists of a purchase order, invoice, and receiving report. The voucher package is reviewed and approved by management prior to authorizing cash disbursements. Therefore, option D is the best choice. Options A, B, and C are all documents that are included in the voucher package, but alone they are not sufficient to authorize cash disbursements.

Cash Disbursements Are Authorized by