Listed Below Are the Major Functions of the Purchasing Process

Essay

Listed below are the major functions of the purchasing process.
1)Purchasing function.
2)General ledger function.
3)Invoice-processing function.
4)Disbursement function.
5)Accounts payable function.
6)Requisition and receiving function.
Name four pairs of functions that should be segregated from each other and explain why the segregation is important.