Which of the following is necessary for a voucher to be considered correct?

Which of the following is necessary for a voucher to be considered correct?

• A. It contains a brief description of the service
• B. It indicates the name, address, and computed dollar amount as accurate
• C. It is signed by the individual receiving the payment
• D. It has been approved by a higher authority

Answer: (B)

For a voucher to be considered correct, it must include accurate information related to the transaction. This encompasses details such as the name of the payee, their address, and the computed dollar amount that is being paid. Ensuring that these elements are accurate is crucial for proper financial documentation, accountability, and record-keeping. If the name, address, or dollar amount is incorrect, it can lead to payment errors, disputes, or issues in audits. Therefore, the accuracy of these details is essential for the validity and integrity of the financial transaction represented by the voucher.

For a voucher to be considered correct, it must include accurate information related to the transaction. This encompasses details such as the name of the payee, their address, and the computed dollar amount that is being paid. Ensuring that these elements are accurate is crucial for proper financial documentation, accountability, and record-keeping. If the name, address, or dollar amount is incorrect, it can lead to payment errors, disputes, or issues in audits. Therefore, the accuracy of these details is essential for the validity and integrity of the financial transaction represented by the voucher.