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