Define and discuss the journal voucher

The source of input to the general ledger is the journal voucher. A voucher which can be used to represent summaries of similar transactions or a single unique transaction, identifies the financial amounts and affected GL accounts. Routine transactions, adjusting entries, and closing entries are all entered into the GL via journal vouchers. Because a responsible manager must approve journal vouchers, the manager offers a degree of control against unauthorized GL entries.

Business

You might also like to view...

Which type of primary research requires no direct involvement with human subjects?

a. Observational studies b. Experimental research c. Normative surveys d. Longitudinal research

Business

Identify the prepositional phrase or prepositional phrases in the sentence. Please take this report to reprographics immediately

Business