Final answer:
A voucher system is not an example of an internal control procedure over cash receipts.
Step-by-step explanation:
A voucher system is not an example of an internal control procedure over cash receipts.
An internal control procedure is a process put in place by a company to safeguard its assets, prevent fraud, and ensure accurate financial reporting. A voucher system, on the other hand, is a method of recording and tracking expenses, often used for reimbursement purposes. It involves using vouchers or receipts to document and authorize purchases or expenses.
In terms of cash receipts, internal control procedures might include things like having separate individuals responsible for handling cash and recording transactions, implementing strict cash handling policies, and conducting regular audits to detect any discrepancies.