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Knowledge Check 01 All of the following statements regarding the documents in a voucher...

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Accounting

Knowledge Check 01
All of the following statements regarding the documents in a voucher system are correct except:
A well-designed voucher system will eliminate all fraud and lon
Department managers should not be allowed to place orders directly with suppliers.
Voucher systems are commonly used in large companies as part of the system of internal control.
When the accounting department receives a purchase requisition, it creates a voucher.
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