{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

Chapter 9 - Chapter 9 1 Each of the following is an example...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Chapter 9 1. Each of the following is an example of a mutual commitment event in the acquisition/payment cycle EXCEPT: A ) Cash disbursement B ) Purchase order C ) Rental agreement D ) Service agreement E ) All of the above are mutual commitment events in the acquisition/payment cycle 2. What is the primary document prepared by the enterprise in conjunction with the economic increment event in the acquisition/payment process? A ) Vendor invoice B ) Receiving report C ) Purchase order D) Debit memorandum E ) Disbursement voucher 3. Internal agents typically associated with economic increment events via participation relationships in the acquisition/payment process include: A) Salespeople B ) Receiving clerks C ) Credit card companies D) Suppliers E ) Accounts payable clerks
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
4. For supply acquisitions the associated resource is usually ________, and for operating asset acquisitions the associated resource is usually ______. A)supply type, operating asset B ) service type, operating asset C ) operating asset, supply type D )
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}