A key factor in a voucher system includes all of thefollowing except:

Multiple Choice

• Only approved departments and individuals are authorized toincur a liability that will result in the payment of cash.

• The system limits the individuals that can incur cash paymentliabilities for a company.

• It is not necessary if the supplier provides both receivingreport and invoice with the merchandise shipped.

• It is applied to purchases of merchandise inventory and allother expenses.

• Procedures for purchasing, receiving, and paying for merchandiseare divided among several departments.