A key factor in a voucher system includes all of the following except: Multiple Choice Only...
A key factor in a voucher system includes all of the following except:
Multiple Choice
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Only approved departments and individuals are authorized to incur a liability that will result in the payment of cash.
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The system limits the individuals that can incur cash payment liabilities for a company.
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It is not necessary if the supplier provides both receiving report and invoice with the merchandise shipped.
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It is applied to purchases of merchandise inventory and all other expenses.
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Procedures for purchasing, receiving, and paying for merchandise are divided among several departments.
Homework Answers
Ans It is not necessary if the supplier provides both receiving report and invoice with the merchandise shipped.
A key factor in a voucher system includes only approved departments and individuals are authorized to incur a liability that will result in the payment of cash, The system limits the individuals that can incur cash payment liabilities for a company, It is applied to purchases of merchandise inventory and all other expenses, Procedures for purchasing, receiving, and paying for merchandise are divided among several departments.
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A key factor in a voucher system includes all of the following
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