Before a voucher for the purchase of merchandise is approved for payment, supporting documents should be compared to verify the accuracy of the liability. Give an example of supporting documents for...

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Before a voucher for the purchase of merchandise is approved for payment, supporting documents should be compared to verify the accuracy of the liability. Give an example of supporting documents for the purchase of merchandise.


The balance of Cash is likely to differ from the bank statement balance. What two factors are likely to be responsible for the difference?

Answered 52 days AfterNov 14, 2021

Answer To: Before a voucher for the purchase of merchandise is approved for payment, supporting documents...

Sumit answered on Jan 06 2022
126 Votes
The supporting documents that should be compared to verify the accuracy of the liability are as under:
(a). The Invoice should be checked to ensure the payment amount is as per the invoice.
(b). Receiving report should be checked to ensure that the purchased merchandise has been received by the...
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