A Key Factor in a Voucher System Includes All of the Following

Multiple Choice

A key factor in a voucher system includes all of the following except:

A) It is applied to purchases of merchandise inventory and all other expenses.
B) Procedures for purchasing, receiving, and paying for merchandise are divided among several departments.
C) It is not necessary if the supplier provides both receiving report and invoice with the merchandise shipped.
D) The system limits the individuals that can incur cash payment obligations for a company.
E) Only approved departments and individuals are authorized to incur an obligation that will result in the payment of cash.