Which of the following statements concerning a voucher is not correct? A. The voucher consists...

90.2K

Verified Solution

Question

Accounting

Which of the following statements concerning a voucher is not correct?

A. The voucher consists of the purchase requisition, the purchase order, the receiving report, and the invoice.

B. The voucher is marked "paid" so that it cannot be accidentally or intentionally resubmitted for duplicate payment.

C. The voucher must be prepared before the goods or services are ordered.

D. After the voucher is prepared, the company processes a check or electronic funds transfer to pay for the items purchased and received.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students