When the voucher system is used, the amount due on each voucher represents the credit balance of an account payable if the voucher is in full payment to a creditor.

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Arounda Riley · Accepted Answer

Final Answer : True, Explanation :  This statement is true. The voucher system is a method for recording and paying accounts payable, where a voucher is created for each invoice received from a creditor. The amount due on the voucher represents the credit balance of the account payable, and when the voucher is paid, the balance is reduced.

When the voucher system is used, the amount due on each voucher represents the credit balance of an account payable if the voucher is in full payment to a creditor.

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