Author Question: Match seven of the terms for documents and records (a-m) used in the acquisitions and cash ... (Read 73 times)

Katmoss16 · **on:** Aug 21, 2022

Question 1

List the four business functions in the acquisition and payment cycle.

Question 2

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).

a.	purchase requisition

b.	purchase order

c.	receiving report

d.	acquisitions journal

e.	summary acquisitions report

f.	vendor's invoice

g.	debit memo

h.

voucher

i.	accounts payable master file

j.	accounts payable trial balance

k.	vendor's statement

l.

check

m.	cash disbursements journal

________ 1. a document indicating a reduction in the amount owed to a vendor because of returned goods or an allowance granted

________ 2. a document received from the vendor which shows the amount owed for an acquisition

________ 3. a document prepared by the purchasing department indicating the description, quantity, and related information for goods and services that the company intends to purchase

________ 4. a listing of the amount owed to each vendor at a point in time

________ 5. a document used to establish a formal means of recording and controlling acquisitions; it includes a cover sheet and a package of relevant documents

________ 6. a document used to request goods and services by an authorized employee

________ 7. the listing or report that includes all cash payments for a given period

Afvelasquez · **Reply #1 on:** Aug 21, 2022

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