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Payment Voucher All Grantees  Form

Payment Voucher All Grantees Form

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all right in this lesson we're going to be talking about the voucher system the voucher system is a system in place that aids in the cash payment activities so the voucher system is actually a system of tasks that have a whole bunch of internal controls that helps to ensure that payments that are made are accurate appropriate and they go to the right person rather than just payments just being made so this is a great internal control system overall we call it the voucher system because it's going to be based on different vouchers which have to be completed and in hand in order for a check to be issued at the end of the day so let's talk about the cash payment activities now what's the goal of the internal controls for cash payment well obviously at the end of the day the Col goal for internal controls for cash related to cash payments is that all cash that is paid is for goods or services that the company has actually received right we don't want to make payments if we haven't receive

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