A set of procedures and approvals for verifying, approving, and recording obligations for eventual cash disbursement, and
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Question:
A set of procedures and approvals for verifying, approving, and recording obligations for eventual cash disbursement, and for issuing checks for payment only of verified, approved, and recorded obligations is referred to as a(n):
A. Cash disbursement system.
B. Internal cash system.
C. Petty cash system.
D. Cash control system.
E. Voucher system
Related Book For
Principles of Accounting
ISBN: 978-1133626985
12th edition
Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson
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