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Author Question: At what point in the acquisition and payment cycle do most companies first recognize the acquisition ... (Read 40 times)

frosh101

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on: Aug 21, 2022

Question 1

After a purchase requisition is approved, a ________ must be initiated to purchase the goods or services.
◦ purchase order
◦ vendor order
◦ call order
◦ vendor invoice

Question 2

At what point in the acquisition and payment cycle do most companies first recognize the acquisition and related liability on their records?
◦ when the purchase requisition is received by the accounting department
◦ when the purchase order is prepared
◦ when the company receives the invoice from the vendor
◦ when the company receives the goods or services from the vendor
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by frosh101 on Aug 21, 2022

spicyzack

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Reply #1 on: Aug 21, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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frosh101

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Reply 2 on: Aug 21, 2022
YES! Correct, THANKS for helping me on my review

bigsis44

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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