Multiple Choice
A voucher system is a set of procedures and approvals:
A) Designed to eliminate the need for subsidiary ledgers.
B) Designed to determine if the company is operating profitably.
C) Used almost exclusively by small companies.
D) Used to ensure that the company sells on credit only to creditworthy customers.
E) Designed to control cash disbursements and the acceptance of obligations.
Correct Answer:
Verified
Correct Answer:
Verified
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