Author Question: Smaller privately held companies maynotmaintain an accounts payable master file by vendor. These ... (Read 10 times)

C0DxHalo · **on:** Aug 21, 2022

Question 1

List the following documents or records in the order they are typically processed with regards to purchase order processing:

a.	Purchase requisition

b.	Purchase order

c.	Receiving Report

◦ c, b, a
◦ a, b, c
◦ b, a, c
◦ c, a, b

Question 2

Smaller privately held companies may not maintain an accounts payable master file by vendor. These companies pay on the basis of
◦ vendors' monthly statements.
◦ individual vendors' invoices.
◦ the accounts payable account in the general ledger.
◦ dunning letters.

saly · **Reply #1 on:** Aug 21, 2022

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