A key factor in a voucher system is:
A)Only approved departments and individuals are authorized to incur an obligation that will result in the payment of cash.
B)Procedures for purchasing, receiving and paying for merchandise are divided among several departments.
C)The system limits the individuals that can incur cash payment obligations for a company.
D)It should be applied to all expenses.
E)All of the choices are key factors in a voucher system.

Question

Quizplus · Accepted Answer

A voucher system involves authorization, division of responsibilities, and limiting who can incur obligations, making all choices key factors.

A Key Factor in a Voucher System Is