A Voucher System Is a Set of Procedures and Approvals

Multiple Choice

A voucher system is a set of procedures and approvals:

A) Designed to determine if the company is operating profitably.
B) Used almost exclusively by small companies.
C) Designed to eliminate the need for subsidiary ledgers.
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.