The principal purpose of a voucher system is to provide assurance that

1 answer:

7 0

<span>The principle purpose of a voucher system is to provide assurance that all cash payments are approved before a check is issued. A voucher system is a way of internally controlling that helps prevent fraudulent withdrawals from a company by employees or people outside the organization. A voucher system organizes procedures to verify and approve cash disbursements, which is important because cash is vulnerable to theft. The voucher system helps guard a company's cash.</span>

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Which strategy would be most helpful in enhancing the reader’s comprehension of the poem?

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2 years ago

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Answer:

Explanation:

In the income statement, the total revenues and the total expenses are recorded.

If the total revenues are more than the total expenditure then the company earns net income

And, If the total revenues are less than the total expenditure then the company have a net loss

This net income or net loss would reflect in the statement of the retained earning account.

The calculation is shown below:

= Net Sales + interest revenue- cost of good sold - administrative expense - selling expenses - interest expense - income tax expense

where,

Income tax expense = (Net Sales + interest revenue- cost of good sold - administrative expense - selling expenses - interest expense) × income tax rate

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The preparation of the income statement is presented in the spreadsheet. Kindly find the attachment below:

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3 years ago

On August 1, 2021, Turner Manufacturing lends cash and accepts a $16,000 note receivable that offers 10% interest and is due in

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Answer:

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