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    Accounting Information Systems Study Set 16
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    Exam 11: The Expenditure Cycle: Purchasing and Cash Disbursements
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    A __________ System Is a System in Which an Approved
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A __________ System Is a System in Which an Approved

Question 31

Question 31

Multiple Choice

A __________ system is a system in which an approved invoice is posted to the vendor account and is stored in an open invoice file until payment is made by check.


A) voucher
B) nonvoucher
C) cycle
D) blanket invoice

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