Multiple Choice
The voucher system strengthens internal control because:
A) all the duties of preparing a voucher and the receiving reports are assigned to a single person.
B) certain payments, which are made on a regular basis, such as monthly rent payments, do not need to be vouchered.
C) the employee who approves all vouchers then sends the approved vouchers to others who prepare the voucher register and the check register.
D) All of these answers are correct.
Correct Answer:

Verified
Correct Answer:
Verified
Q83: For each of the following, identify in
Q84: The entry to record the approval of
Q85: Under a voucher system, every liability is
Q86: Vouchers Payable replaces Accounts Payable in the
Q87: The entry to record the incurrence of
Q89: Grant's Hardware bought $12,000 of merchandise, terms
Q90: The company receiving a purchase order prepares
Q91: Using the gross method, record the payment
Q92: If partial payment is made and installment
Q93: Given the following accounts:<br>-Paid voucher #424.<br>Debit _