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If a Partial Payment Is Made After the Voucher Is

Question 13

Multiple Choice

If a partial payment is made after the voucher is prepared:


A) the old voucher is cancelled and a new voucher is prepared for each installment.
B) the old voucher is credited for the entire amount.
C) Vouchers Payable is debited; Purchases Returns and Allowances is credited.
D) None of these answers are correct.

Correct Answer:

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