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A set of procedures and approvals for verifying, approving, and recording obligations for eventual cash disbursement, and for issuing checks for payment only of verified,

A set of procedures and approvals for verifying, approving, and recording obligations for eventual cash disbursement, and for issuing checks for payment only of verified, approved, and recorded obligations is referred to as a(n):

  • A. Cash disbursement system.

  • B. Internal cash system.

  • C. Petty cash system.

  • D. Cash control system.

  • E. Voucher system

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