Which of the following is necessary for a voucher to be considered correct?

Prepare for the FOB105 Financial Management Body of Knowledge Test. Utilize flashcards and multiple-choice questions with hints and explanations. Get exam-ready now!

For a voucher to be considered correct, it must include accurate information related to the transaction. This encompasses details such as the name of the payee, their address, and the computed dollar amount that is being paid. Ensuring that these elements are accurate is crucial for proper financial documentation, accountability, and record-keeping. If the name, address, or dollar amount is incorrect, it can lead to payment errors, disputes, or issues in audits. Therefore, the accuracy of these details is essential for the validity and integrity of the financial transaction represented by the voucher.

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