Author Question: When the voucher system is used, the amount due on each voucher represents the credit balance of an ... (Read 72 times)

gonzo233 · **on:** Jul 5, 2018

When the voucher system is used, the amount due on each voucher represents the credit balance of an accountpayable if the voucher is in full payment to a creditor.
a. True
b. False

Indicate whether the statement is true or false

Question 2

Which financial statement(s) do you need to use to calculate the debt-to-equity ratio?

A) only the balance sheet
B) only the income statement
C) both the income statement and the balance sheet
D) the income statement, the balance sheet, and the statement of cash flows