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Unformatted text preview: Depends on the freight terms, the shipping fee may either be charged to Dreambox’s account or the vendors’. Check : The journal entry is Credit Cash, Debit Account Payable. Reflection and Self-assessment 12.3 Use the narrative description above to prepare a flowchart of a generic acquisition / payment process. 12-1 12-2 Operating department Start Prepare purchase requisitio n 2 Purchase 1 requisition Purchasing Department N 2 Purchasing Department Purchase requisitions from various departments Consolidat e various purchase orders Purchase 1 order N Vendor 12-3 Yes No Receiving department Receiving Report Purchase Order Matc Vendor 2 Receiving 1 report Purchasing Department Accounting Department Accounting department Invoice Purchase Order Receiving Report Mat ch Vendor No Ye Issue checks Checks...
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This note was uploaded on 08/09/2011 for the course ACNT 2332 taught by Professor Unknown during the Summer '10 term at HCCS.
- Summer '10