A key factor in a voucher system includes all of thefollowing except : Multiple Choice Only approved
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Question:
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.
Related Book For
Auditing and Assurance services an integrated approach
ISBN: 978-0132575959
14th Edition
Authors: Alvin a. arens, Randal j. elder, Mark s. Beasley
Posted Date: