Modern Corporation Accounting (Voucher System)

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Excerpt from Modern Corporation Accounting (Voucher System): Including Instruction in Corporate Organization, Methods of Transacting Business, and BookkeepingThe voucher system is used. While the use of vouchers is by no means limited to corporations, yet this system is especially adapted to the uses of corporations and may be considered a typical feature of corporation accounting. The voucher system would not be readily adaptable to a business in which settlement was made on the monthly statement instead of on the invoice. Its advantages are particularly marked in a busi ness wherein the preservation of a receipt for every disbursement is regarded as essential.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.