A set of procedures and approvals for verifying, approving and recording liabilities for eventual cash payment, and for issuing checks for payment only of verified, approved, and recorded liabilities is referred to as a(n):
A. Cash disbursement system.
B. Voucher system.
C. Internal cash system.
D. Petty cash system.
E. Cash control system.
Answer: B
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What will be an ideal response?
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