A voucher system establishes procedures for verifying,approving,and recording liabilities for eventual cash payment.

Name: A voucher system establishes procedures for verifying,approving,and recording liabilities for eventual cash payment.
Brand: Quizplus
Rating: 4.8 (36 reviews)

Question

Quizplus · Accepted Answer

This statement is true. A voucher system is a process that involves creating and approving vouchers, which are documents that authorize expenditures. This system helps to ensure that all expenditures are properly authorized and recorded before they are paid in cash.

A Voucher System Establishes Procedures for Verifying,approving,and Recording Liabilities for Eventual