Reading...
Play button
Play button
Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
9 Cards in this Set
- Front
- Back
|
Acquisition/Payment Process?
|
Involves everything from the Request for Goods until the Payment is Made.
|
|
|
DOC: Purchase Requisition
|
A request for goods and services
|
|
|
DOC: Purchase Order
|
Doc identifying the description, quantity, and related info.
|
|
|
DOC: Receiving Report
|
It is prepared when tangible goods are received
|
|
|
DOC: Vendor's Invoice
|
Indicates such things as description and quantity of goods received, etc.
|
|
|
DOC:Debit Memo
|
Indicates the reduction in the amount owed to a vendor because of returned goods or an allowance granted.
|
|
|
DOC: Vendor's Statement
|
Prepared monthly by vendor indicating different attributes the a cust's account
|
|
|
3 WAY MATCH
|
Important Internal Control - Comparing Bill of Lading, Vendor Invoice, Receiving Report
|
|
|
DOC: Voucher Package
|
Commonly used by organization to establish aa formal means of recording and controlling acquisitions.
|
