Chapter 17, Problem 17.18.19P

To determine

Introduction: General fund is the primary fund maintained by the companies for recording all inflows and outflows except which are associated with the special purpose funds. It is mostly the difference between assets and liabilities of the company’s fund.

Vouchers payable: Vouchers are documents created for payable accounts of the company and are filled properly. These are supporting documents needed to prove the payment of liability. Vouchers payable means vouches which are outstanding and are to be paid soon. This is a liability for the company.

The effect of vouchers payable in general fund accountof expenditures.