The voucher documents that the tasks are performed by multiple people and creates a paper trail so that an auditor can confirm that the duties were properly segregated. Vouchers also justify the firm’s cash payments to vendors and document the ...
Common size, or vertical analysis, allows an owner to express each financial statement item as a percentage of a base. A company can use common size analysis on its balance sheet, which summarizes its assets (the items it owns), liabilities ...
