Asked by Aksarapak Bunchongpru on Jun 14, 2024
Verified
A voucher is a written authorization to make a cash payment.
Voucher
A special form for recording relevant data about a liability and the details of its payment.
Cash Payment
is the act of settling a transaction or discharging a debt by using physical currency or through a digital medium representing immediate value.
- Acquire knowledge about the purpose and parts of a voucher system used in internal controls.
Verified Answer
SG
Seaira GabrielJun 19, 2024
Final Answer :
True
Explanation :
A voucher is a document that authorizes a cash payment, often used in business transactions as a means of documenting proof of expenses.
Learning Objectives
- Acquire knowledge about the purpose and parts of a voucher system used in internal controls.
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