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majestico majestico
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Posts: 1455
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7 years ago
Which of the following is true of a voucher system?
A) All expenditures such as rent and interest would first be credited to Accounts Payable before payment is made.
B) Transactions are first entered in the voucher register, then payment is made in the voucher register.
C) The check register replaces the cash payments journal.
D) Either A or B would be correct.
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
Author:
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OmpaOmpa
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7 years ago
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majestico Author
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Correct Slight Smile TY
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Just got PERFECT on my quiz
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Smart ... Thanks!
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