Question

payment for good purchased should be vouched with the help of______
1. Creditors Statement
2. correspondence with suppliers
3. Cash Memo
4.Ledger account​

Answer 1

Answer:

1.creditors statement

Explanation:

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Answer 2

Creditors’ Statement is used to vouch the payment for goods purchased.

A creditor statement is a document that a lender sends to the borrower describing things such as interest modification, loan status, or payment schedule reminder. The lender does so to ensure loan reporting accuracy and prompt payment. It helps a borrower to determine whether the loan principal is reducing or not. If the debtor does not follow loan terms then the creditor may report to the credit risk agency. A creditor statement is an external document used to control a supplier account.