1. In what way are the purchasing activities of a manufacturing concern more complex than those of a concern selling stock-in-trade?
2. Why is the old purchase journal inadequate to meet the needs of the manufacturing concern? In what way, however, can it be improved to meet these needs?
3. Discuss the development of the voucher register, showing its improvement over the purchase journal.
4. What is a voucher?
5. State the essential characteristics of a formal voucher.
6. Describe in detail the operation of a voucher system.
7. What are the advantages of the voucher check?
8. What are “treasurer’s numbers,” and why are they sometimes put on vouchers?
9. In what way does the use of the voucher register eliminate much of the work that is usually done on the cash book?
10. How is it possible, when using the voucher system, to keep a record of the volume of business done with each creditor?