Chapter 5	Name: Click here to enter text.

Section 5.2 Notes: Fill in the blanks after reviewing Section 5.2 PowerPoint.

True and False

In the voucher system, both the check and the voucher are submitted for approval.

☐True

☐False

The amount of the check must equal the amount of the voucher less any purchase discounts.

☐True

☐False

In the voucher system, both the check and the voucher are submitted for approval.

☐True

☐False

If you discover a voucher is missing, you must STOP and account for the missing voucher.

☐True

☐False

The “Paid” columns of the voucher register are not updated until a check is actually cut.

☐True

☐False

To calculate the new balance in the check register you must ADD the check to the beginning balance and SUBTRACT any deposits.

☐True

☐False

Paid vouchers are filed according to the name of the vendor.

☐True

☐False

Fill in the blanks

The steps for preparing a voucher are as follows:

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What are the steps for paying a voucher?

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List 3 facts about voucher registers:

It is a journal used to record Click here to enter text.

It is a journal that is similar to and replaces the Click here to enter text.journal.

A check register is similar to and replaces the Click here to enter text. journal

Vouchers are Click here to enter text. to ensure that all vouchers are accounted for.

The Click here to enter text. account is debited for each check recorded in a check register. We debit this account to ☐ increase or ☐decrease the account balance.