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Accounting Information Systems 8th Edition by James Hall
Edition 8ISBN: 978-1111972141Accounting Information Systems 8th Edition by James Hall
Edition 8ISBN: 978-1111972141 Exercise 41
ACCOUNTING DOCUMENTS
Required Answer the following questions.
a. Which department is responsible for initiating the purchase of materials?
b. What is the name of the document generated by the department identified in (a)?
c. Typically, multiple copies of a purchase order are prepared. One copy should go to the vendor, and one is retained in the purchasing department. To achieve proper control, which other departments should receive copies of the purchase order?
d. What documents does the accounts payable clerk review before setting up a liability?
e. Which document transfers responsibility for goods sold to a common carrier?
Required Answer the following questions.
a. Which department is responsible for initiating the purchase of materials?
b. What is the name of the document generated by the department identified in (a)?
c. Typically, multiple copies of a purchase order are prepared. One copy should go to the vendor, and one is retained in the purchasing department. To achieve proper control, which other departments should receive copies of the purchase order?
d. What documents does the accounts payable clerk review before setting up a liability?
e. Which document transfers responsibility for goods sold to a common carrier?
Explanation
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Accounting documents
Department respons...
Accounting Information Systems 8th Edition by James Hall
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