The Voucher System Requires That Invoices Be Compared with Receiving

Multiple Choice

The voucher system requires that invoices be compared with receiving reports and express bills before a voucher is prepared and approved for payment.

A) Unrecorded cheques appear in the bank statement
B) The treasurer takes funds by preparing a fictitious voucher charging "Miscellaneous General Expenses"
C) An employee in the purchasing department sends through fictitious invoices and receives payment
D) A cash shortage is covered by underfooting outstanding cheques on the bank reconciliation
E) A cash shortage is covered by omitting some of the outstanding cheques from the bank reconciliation