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enot [183]
4 years ago
7

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

Business
1 answer:
ziro4ka [17]4 years ago
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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Below is the complete list of accounts of Sooner Company and the related balance at the end of April. All accounts have their no
Cloud [144]

Answer:

Sooner Company

Trial Balance

For the month ended April 30, 202x

                                          Debit                 Credit

Cash                                $2,600

Accounts Receivable     $4,800

Prepaid Rent                   $6,100

Land                              $47,000

Accounts Payable                                      $3,000

Deferred Revenue                                      $1,650

Common Stock                                        $27,000

Retained Earnings                                    $19,750

Service Revenue                                      $24,100

Salaries Expense             $6,900

Supplies Expense             $8,100

Totals                              $75,500           $75,000

When you are preparing a trial balance, you must report the accounts with their normal balances, e.g. assets have a normal debit balance while equity has a normal credit balance.

6 0
3 years ago
Constable Co. reported the following information at December 31, Year 1:
zhenek [66]

Answer:

The amount of Current liabilities is $7,710

Explanation:

The amount of current liabilities on the classified balance sheet is seen below;

Constable Corp.

Balance sheet as at December 31, year 1.

Current liabilities

Accounts payable $4,540

Wages payable $3,170

Total $7,710

5 0
3 years ago
Which of these starbucks® coffees was the very first blend we released
spayn [35]

According to Starbucks, the starbucks® coffee that was the very first blend released is " a mix of excellent Latin American beans seared to a glistening, murky chestnut color."

These delicious Latin American beans are prepared with a combination flavor of toffee and cocoa.

Starbucks first prepared this variety in 1971 when the company commenced production in Seattle.

Starbucks is one of the most popular coffee producers in present-day America.

Hence, in this case, it is concluded that the starbucks® coffee that was the very first blend released is " a mix of delicious Latin American beans seared to a glistening, murky chestnut color."

Learn more here: brainly.com/question/20533939

8 0
3 years ago
Read 2 more answers
8.3 lbs $19.15 per pound Standard quantity per unit of output Standard price The following data pertain to operations concerning
Lady_Fox [76]

Answer:

С. $1,350.00 Favorable

Explanation:

The computation of the material price variance is shown below:

= Actual Quantity × (Standard Price - Actual Price)

= 9,000 × ($19.15 - $171,000 ÷ 9,000)

= 9,000 × ($19.15 - $19)

= 9,000 × $0.15

= $1,350 favorable

The actual price is computed below:

= Actual cost of materials purchased ÷ Actual materials purchased

= $171,000 ÷ 9,000

= $19

3 0
3 years ago
Urban City wants to acquire undeveloped private land within the city limits to construct a public park. The city brings a condem
larisa [96]

This is the power of eminent domain.

<h3>What is eminent domain?</h3>

The power of a state, provincial, or national government to take private property for public use is known as eminent domain, land acquisition, compulsory purchase/acquisition, resumption, resumption/compulsory acquisition, or expropriation.

When the government acquires a home or business through eminent domain, it actually destroys value. It transfers property from a higher-value use to a lower-value use, as evidenced by the government's unwillingness to pay the price required to obtain the property voluntarily.

The term "Event of Eminent Domain" refers to any governmental authority's compulsory transfer or taking, or transfer under threat of compulsory transfer or taking, of any material property or asset owned by the Operating Company or any Project Company.

To know more about eminent domain.follow the link:

brainly.com/question/4281421

#SPJ4

8 0
2 years ago
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