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The voucher system of control: Select one: a. Is a set of procedures and approvals designed to control cash receipts and the acceptance of obligations. b. Establishes procedures for verifying, approving, and recording obligations for eventual cash disbursement. c. Establishes procedures for receiving checks for the sale of verified, approved, and recorded activities. d. Applies only when multiple purchases are made from the same supplier. e. All of these.

Answer :

Ritmeks

Answer:

Is a set of procedures and approvals designed to control cash receipts and acceptance of obligation.

Explanation:

The voucher system of control can be defined as a set of procedures which controls the distribution of money. It is utilized by the Management of an organisation to monitor any type of suspicious withdrawal made by the employees.

The voucher system makes it possible for payment of a lot of invoices to be carried out at a particular period of time. The voucher system of control also ensures that the money released by an organisation is spent solely on purchases approved by the management.

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