A voucher is a written authorization to make a cash payment.

Voucher

A special form for recording relevant data about a liability and the details of its payment.

Cash Payment

is the act of settling a transaction or discharging a debt by using physical currency or through a digital medium representing immediate value.

Acquire knowledge about the purpose and parts of a voucher system used in internal controls.

Verified Answer

Final Answer :

True

Explanation :

A voucher is a document that authorizes a cash payment, often used in business transactions as a means of documenting proof of expenses.

Learning Objectives

Acquire knowledge about the purpose and parts of a voucher system used in internal controls.