The voucher system of control is designed to control cash disbursements and the acceptance of obligations. 1.
Question:
1. The voucher system of control establishes procedures for what two processes?
2. What types of expenditures should be overseen by a voucher system of control?
3. When is the voucher initially prepared? Explain.
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Related Book For 
Fundamental Accounting Principles
ISBN: 978-0078110870
20th Edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
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