Asked by Catherine Collins on May 14, 2024
Verified
A schedule of vouchers payable is prepared from the unpaid voucher file.
Vouchers Payable
An accounting term that refers to accounts payable obligations for which vouchers have been created but not yet paid.
Unpaid Voucher File
A file or record keeping system that tracks invoices and vouchers that have not yet been paid by the company.
- Understand the organization and purpose of the voucher system.
Verified Answer
GS
Gurminder SinghMay 21, 2024
Final Answer :
True
Explanation :
A schedule of vouchers payable is prepared from the unpaid voucher file to summarize the amounts owed to suppliers that have not yet been paid, providing a detailed listing of outstanding obligations.
Learning Objectives
- Understand the organization and purpose of the voucher system.
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