A voucher system's control over cash disbursements begins when a company incurs an obligation that will result in eventual payment of cash.

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This statement is true. A voucher system is a set of procedures for controlling and documenting cash disbursements, and it typically begins when a company incurs an obligation that will result in eventual payment of cash. The system involves preparing a voucher, which is a document that authorizes payment of the obligation, and then recording the transaction in the company's accounting records. This helps to ensure that cash is only disbursed for valid and authorized transactions, and that the company's financial records are accurate and up-to-date.

A Voucher System's Control Over Cash Disbursements Begins When a Company