Solved

Match Seven of the Terms for Documents and Records (A-M)used

Question 71

Matching

Match seven of the terms for documents and records (a-m)used in the acquisitions and cash disbursement cycle with the descriptions provided below (1-7):

Premises:

Responses:

A document that specifies the details of an acquisition transaction and amount of money owed to the vendor for an acquisition.

Check

A document prepared by the purchasing department indicating the description quantity and related information for goods and services that the company intends to purchase.

Accounts payable trial balance

A document indicating a reduction in the amount owed to a vendor because of returned goods or an allowance granted.

Voucher

A document used to establish a formal means of recording and controlling acquisitions; it includes a cover sheet and a package of relevant documents.

Receiving report

A listing of the amount owed to each vendor at a point in time.

Acquisitions journal

A document used to request goods and services by an authorized employee.

Cash disbursements journal

The listing or report that includes all cash payments for a given period.

Accounts payable master file

Debit memo

Vendor's statement

Purchase requisition

Vendor's invoice

Purchase order

Summary acquisitions report

Premises:

A document that specifies the details of an acquisition transaction and amount of money owed to the vendor for an acquisition.

A document prepared by the purchasing department indicating the description quantity and related information for goods and services that the company intends to purchase.

A document indicating a reduction in the amount owed to a vendor because of returned goods or an allowance granted.

A document used to establish a formal means of recording and controlling acquisitions; it includes a cover sheet and a package of relevant documents.

A listing of the amount owed to each vendor at a point in time.

A document used to request goods and services by an authorized employee.

The listing or report that includes all cash payments for a given period.

Responses:

Check

Accounts payable trial balance

Voucher

Receiving report

Acquisitions journal

Cash disbursements journal

Accounts payable master file

Debit memo

Vendor's statement

Purchase requisition

Vendor's invoice

Purchase order

Summary acquisitions report

Correct Answer:

Premises:

Responses:

Check

Accounts payable trial balance

Voucher

Receiving report

Acquisitions journal

Cash disbursements journal

Accounts payable master file

Debit memo

Vendor's statement

Purchase requisition

Vendor's invoice

Purchase order

Summary acquisitions report