ais homework #5

ais homework #5 - Alec Kraft Accounting Information Systems...

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Alec Kraft Accounting Information Systems Ch.5 Homework 1. The purchase order, receiving report and cash disbursement voucher must accompany the payment of an invoice. The purchase order form originates by the purchasing department, the receiving report originates in the receiving department, and the cash disbursement voucher originates in the Accounts payable department. These three documents help control the arrangement of what needs to be paid for and making sure that all departments have verified that it needs to be done, so no one department is making decisions on buying things on their own. 3. The reason for the blind fields on the receiving report is to force the receiving clerk to physically count and inspect all of the inventories before completing the receiving report. Then the company can be sure of how much inventory they actually received and the condition of all of the goods before accepting them into inventory. The supervision controls in the receiving department are important because they need to make sure that all goods coming for are
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ais homework #5 - Alec Kraft Accounting Information Systems...

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