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An advantage of the use of the voucher system is that it?

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Accounts - Principles of Accounts JAMB 1998

An advantage of the use of the voucher system is that it?

  • reduces the number of cheques that will be writen during any given period
  • provides a highly flexible system for handling unusual transactions
  • provides a comprehensive record of business done with particular suppliers
  • ensure that every expenditure is reviewed and verified before payment is made checkmark

The correct answer is: D

Explanation

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