A voucher system is a set of procedures and approvals designed to control cash payments and the acceptance of liabilities.

Name: A voucher system is a set of procedures and approvals designed to control cash payments and the acceptance of liabilities.
Brand: Quizplus
Rating: 4.9 (39 reviews)

Question

Quizplus · Accepted Answer

This statement is true. A voucher system helps to ensure that cash payments are authorized and recorded properly, and also helps to prevent fraudulent or unauthorized expenses.

A Voucher System Is a Set of Procedures and Approvals