Multiple Choice Question

Describe what a voucher system is by selecting the correct statement below.

A voucher system keeps track of the number of hours each employee works in the day.

A voucher system controls the number of sales made to customers who are nearing their credit limit$.$

A voucher system is a set of procedures and approvals designed to control cash payments.

A voucher system controls the amount of liquid assets available at any given time, so that bills can be paid when due.