Economics · Accounting Vouchers
Which of the following statements is true regarding a 'composite voucher' in accounting?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1It only records banking credit operations while omitting debits
- 2It is used exclusively for recording personal non-business transactions
- 3It contains multiple debit entries and/or multiple credit entries affecting different accounts✓
- 4It only includes a debit entry for a single individual account
Correct answer
It contains multiple debit entries and/or multiple credit entries affecting different accounts
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