GEN CMB FINCL MGRL ACCT CNCT >BI<
GEN CMB FINCL MGRL ACCT CNCT >BI<
7th Edition
ISBN: 9781260529463
Author: Wild
Publisher: MCG CUSTOM
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Chapter 6, Problem 7E
To determine

Voucher system: A voucher system of is a control system which controls cash payments and also acceptance of obligation. In other words a system which stops fraudulent activities related to cash payments or withdrawals.

To explain: (1) Two processes for which voucher system establishes procedures.

(2) Types of expenditures which should be overseen by a voucher system of control.

(3) Time of voucher preparation

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