The voucher system of control: multiple choice is a set of procedures and approvals designed to control cash receipts and the acceptance of liabilities. establishes procedures for verifying, approving, and recording liabilities for eventual cash payment. establishes procedures for receiving checks for the sale of verified, approved, and recorded activities. applies only when multiple purchases are made from the same supplier. is required in large companies but not beneficial for small to mid-sized companies.
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The voucher system of control: multiple choice is a set of procedures and approvals designed to con...
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