Which of the following statements is true regarding the documents in a voucher system?

Multiple Choice

All voucher systems are the same.

A voucher system is most commonly used in very small companies to make up for the lack of other internal controls.

A well designed voucher system will eliminate all fraud and error.

A well$-$designed voucher system will allow department managers to place orders directly with suppliers for control purp

Recording a purchase is initiated by an invoice approval.