The voucher system of control is designed to control cash disbursements and the acceptance of obligations. 1.
Question:
1. The voucher system of control establishes procedures for what two processes?
2. What types of expenditures should be overseen by a voucher system of control?
3. When is the voucher initially prepared? Explain.
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Related Book For 
College Accounting Ch 1-14
ISBN: 9781260904314
1st Edition
Authors: John Wild, Vernon Richardson, Ken Shaw
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