(a)
Concept Introduction:
Voucher
The two processes for which voucher system control establishes procedures.
(b)
Concept Introduction:
Voucher system control: This is a procedure designed to control cash disbursements and acceptance of obligations. A reliable voucher system follows a standardized procedure. One of the key aspects of voucher system control is authorization, for instance, all purchases are authorized by the purchasing department.
The stage at which the voucher is initially prepared.

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FIN + MANAGERIAL ACCT 9E CH 1-12
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