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Now, in a traditional voucher program, the government provides funds directly to parents, who in turn, can use those funds for private school tuition. They have to use them for private school tuition.
What is a school voucher plan?
Definition. School vouchers are often distributed to enable students to attend private schools, charter schools, and publicly-funded schools. Educational subsidies can also take the form of comprise government-created bank accounts, whose funds are specifically used for educational purposes, and education tax credits.
What is vouchering in accounting?
Voucher accounting is a special form of bookkeeping. Its main objective is to document all of a companys financial transactions using vouchers. This ensures the completeness and accuracy of all postings.
What is a voucher and how does it work?
A voucher is a form that includes all the supporting documents showing the money owed and any payments to a supplier or vendor for an outstanding payable. The voucher and the necessary documents are recorded in the voucher register.
What is a voucher plan?
Also called voucher plan. Education., a plan in which each school-age child receives a publicly funded entitlement worth a fixed amount of money with which their parents or guardians can select a participating public or private school for the child to attend.
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