Final answer:
The statement is true; firms use a voucher system to improve control over cash disbursements by ensuring each payment is authorized and recorded, which helps in fraud prevention and cash flow management.
Step-by-step explanation:
The statement Firms that wish to improve control over cash disbursements use a voucher system is true. A voucher system is a control mechanism that businesses implement to ensure that disbursements of cash are properly authorized and recorded. In such a system, every payment the business makes must be backed by evidence that the goods or services were received and that the transaction is valid and necessary.
The voucher itself is a document that includes details about the payment, such as the amount, the payee, authorization signatures, and accounts to be charged. This process allows firms to maintain stricter control over their expenditures, preventing unauthorized transactions and fraud. By employing a voucher system, firms ensure greater accountability and improve the management of their cash flow.