ACCOUNTING I Dersi Internal Control and Cash soru detayı:

CEVAP:

To achieve effective controls on cash payment, it should be verified, approved and recorded. In this process, companies usually use a “voucher system.” In this system, the accounting department is responsible for approving and journalizing cash payments. For this purpose, they can write a voucher which is a specific form that has information about the payment. A voucher is a formal document which authorizes a cash payment.