What document is generated that records the items that have arrived from the shipper and that have been counted and inspected and accepted into the company.
What document is generated that records the items that have arrived from the shipper and that have been counted and inspected and accepted into the company.
a. Invoice
b. Purchase order
c. Purchase requestition
d. Receiving report
Homework Answers
Answer is option d - Receiving report
A receiving report is generated that records the items that have arrived from the shipper and that have been counted and inspected and accepted into the company.
Option a is wrong, as an invoice is generated when the company makes a sale.
Option b is also wrong, as a purchase order is issued to a supplier asking to deliver the items specified in the purchase order.
Option c is also wrong, as a purchase requisition is issued when an item of inventory needs to be restored.
Hence, option is the correct answer.
Add Answer to:
What document is generated that records the items that have arrived from the shipper and that have been counted and inspected and accepted into the company.
Ashton Fleming has decided to document and analyze the accounts payable process at S&S so the...
Ashton Fleming has decided to document and analyze the accounts payable process at S&S so the transition to a computerized system will be easier. He also hopes to improve any weaknesses he discovers in the system. In the following narrative, Ashton explains what happens at S&S: Before S&S pays a vendor invoice, the invoice must be matched against the purchase order used to request the goods and the receiving report that the receiving department prepares. Because all three of these...
3.6. Ashton Fleming has decided to document and analyze the accounts payable process at S&S so...
3.6. Ashton Fleming has decided to document and analyze the accounts payable process at S&S so the transition to a computerized system will be easier. He also hopes to improve any weaknesses he discovers in the system. In the following narrative, Ashton explains what happens at S&S: Before S&S pays a vendor invoice, the invoice must be matched against the pur- chase order used to request the goods and the receiving report that the receiving department prepares. Because all three...
1. What document does a customer receive when goods are returned? a. purchase order d. receiving...
1. What document does a customer receive when goods are returned? a. purchase order d. receiving report b. credit memo e. bill of lading C. debit memo 2. In order to maintain controls over cash receipts, cash is typically deposited while a bank reconciliation is performed a. daily, weekly b. daily, monthly c. weekly, monthly d. monthly, daily e. weekly, weekly 3. In the cash disbursements cycle, the vendor invoice is marked paid when a check is issued in order...
เล. SYSTEM DOCIENTATON--EXPENDITURE CYCLE (MANUAL PROCEDURES) The folowing describes the expenditure cycle manual procedures for a hypothetical company. The inventory control clerk examines the i...
เล. SYSTEM DOCIENTATON--EXPENDITURE CYCLE (MANUAL PROCEDURES) The folowing describes the expenditure cycle manual procedures for a hypothetical company. The inventory control clerk examines the inventory records for items that must be replenished and prepares a two- part purchase requisition Copy 1 of the requisition is sent to the purchasing department, and Copy 2 is fied. Upon receipt of the requisition, the purchasing clerk selects a supplier from the valid vendor file (reference fie) and prepares a three part purchase order...
What document is prepared to request goods or services from a vendor? Select one: a. Remittance...
What document is prepared to request goods or services from a vendor? Select one: a. Remittance advice b. Bill of lading c. Purchase order d. Vendor invoice e. Return request e
soods have been returned the mes the adjustment of the customer's account 37) Upon notification from the receiving...
soods have been returned the mes the adjustment of the customer's account 37) Upon notification from the receiving department that the goods and manager issues an) _.which authorizes the adjustment of the cus A) debt memo B) credit mcmo C) adjusting entry D) bill of lading 38) Which of the following is not one of the controls when customer payments are com with other mail? A) preparing a remittance list as mail is opened B) restrictively endorsing checks when received...
question c) You are interviewing for a new, internal audit position at Widgets INC. As part...
question c)
You are interviewing for a new, internal audit position at Widgets INC. As part of your interview process you have been asked to document the company's accounts payable process. You are provided the following description of the current accounts payable system at Widgets INC: “Before Widgets INC pays a vendor invoice, the invoice is first matched against both the purchase order that requested the goods and the receiving report that the receiving department prepared. As these documents enter...
3.4 Beccan Company is a discount tine dealer operating 25 retail stores in a large metro...
3.4 Beccan Company is a discount tine dealer operating 25 retail stores in a large metro politan area. The company purchases all tires and related supplies using the company's central purchasing department to optimize quantity discounts. The tires and supplies are received at the central warehouse and distributed to the retail stores as needed. The perpetual inventory system at the central facility maintains current inventory records, designated reorder points, and optimum order quantities for each type and size of time...
how to get this answer？ Questions 1-3. records of the DIRECTIONS: The following information app ing...
how
to get this answer？
Questions 1-3. records of the DIRECTIONS: The following information app ing information applies to Questions 1 through 3. following errors in the records During your audit of the Avon Company, you for which the company: Fovo a purchase was Incorrect exclusion from the final inventory of items costing $3,000 for which purchase was not recorded. Inclusion in the final inventory of goods costing $5,000, although a purchas not recorded. The goods in question were being...
L. (10 Points) Match each of the following terms with the appropriate definitions. A. Principles of...
L. (10 Points) Match each of the following terms with the appropriate definitions. A. Principles of internal control B. Cash Over and Short C. Net method D. Voucher system E. Bank reconciliation F. Liquidity G. Receiving report H. Days' sales uncollectecd I. Purchase order J. Gross method 1. 2. 3. A report explaining any differences between the checking account balance according to the depositor's records and the balance reported on the bank statement. A set of procedures and approvals designed...
3.6. Ashton Fleming has decided to document and analyze the accounts payable process at S&S so the transition to a computerized system will be easier. He also hopes to improve any weaknesses he discovers in the system. In the following narrative, Ashton explains what happens at S&S: Before S&S pays a vendor invoice, the invoice must be matched against the pur- chase order used to request the goods and the receiving report that the receiving department prepares. Because all three...
1. What document does a customer receive when goods are returned? a. purchase order d. receiving report b. credit memo e. bill of lading C. debit memo 2. In order to maintain controls over cash receipts, cash is typically deposited while a bank reconciliation is performed a. daily, weekly b. daily, monthly c. weekly, monthly d. monthly, daily e. weekly, weekly 3. In the cash disbursements cycle, the vendor invoice is marked paid when a check is issued in order...
เล. SYSTEM DOCIENTATON--EXPENDITURE CYCLE (MANUAL PROCEDURES) The folowing describes the expenditure cycle manual procedures for a hypothetical company. The inventory control clerk examines the inventory records for items that must be replenished and prepares a two- part purchase requisition Copy 1 of the requisition is sent to the purchasing department, and Copy 2 is fied. Upon receipt of the requisition, the purchasing clerk selects a supplier from the valid vendor file (reference fie) and prepares a three part purchase order...
What document is prepared to request goods or services from a vendor? Select one: a. Remittance advice b. Bill of lading c. Purchase order d. Vendor invoice e. Return request e
soods have been returned the mes the adjustment of the customer's account 37) Upon notification from the receiving department that the goods and manager issues an) _.which authorizes the adjustment of the cus A) debt memo B) credit mcmo C) adjusting entry D) bill of lading 38) Which of the following is not one of the controls when customer payments are com with other mail? A) preparing a remittance list as mail is opened B) restrictively endorsing checks when received...
question c)
You are interviewing for a new, internal audit position at Widgets INC. As part of your interview process you have been asked to document the company's accounts payable process. You are provided the following description of the current accounts payable system at Widgets INC: “Before Widgets INC pays a vendor invoice, the invoice is first matched against both the purchase order that requested the goods and the receiving report that the receiving department prepared. As these documents enter...
3.4 Beccan Company is a discount tine dealer operating 25 retail stores in a large metro politan area. The company purchases all tires and related supplies using the company's central purchasing department to optimize quantity discounts. The tires and supplies are received at the central warehouse and distributed to the retail stores as needed. The perpetual inventory system at the central facility maintains current inventory records, designated reorder points, and optimum order quantities for each type and size of time...
how
to get this answer？
Questions 1-3. records of the DIRECTIONS: The following information app ing information applies to Questions 1 through 3. following errors in the records During your audit of the Avon Company, you for which the company: Fovo a purchase was Incorrect exclusion from the final inventory of items costing $3,000 for which purchase was not recorded. Inclusion in the final inventory of goods costing $5,000, although a purchas not recorded. The goods in question were being...
L. (10 Points) Match each of the following terms with the appropriate definitions. A. Principles of internal control B. Cash Over and Short C. Net method D. Voucher system E. Bank reconciliation F. Liquidity G. Receiving report H. Days' sales uncollectecd I. Purchase order J. Gross method 1. 2. 3. A report explaining any differences between the checking account balance according to the depositor's records and the balance reported on the bank statement. A set of procedures and approvals designed...
Most questions answered within 3 hours.
-
What do you expect to happen when acetylacetone reacts with a
base? Draw structures of the...
asked 1 minute from now -
What is meant by biocultural evolution? what examples will
better describe how it might have influenced...
asked 32 minutes ago -
How
do I locate proper sources that are peer reviewed articles for this
topic : placing...
asked 28 minutes ago -
A recent graduate decided to have $1 million ready for
retirement 30 years from now. The...
asked 26 minutes ago -
Schrute Farm Sales buys portable generators for $460 and sells
them for $720 He pays a...
asked 34 minutes ago -
A 10,000 kg jet plane must reach a speed of 60 m / s for
takeoff....
asked 28 minutes ago -
Write and submit one complete Java program to solve the
following requirements. Your program will employ...
asked 36 minutes ago -
Identical twins come from a single egg that split into two
embryos, and fraternal twins are...
asked 46 minutes ago -
The chemical formula for any CFC, HCFC, or HFC can be obtained
by adding 90 to...
asked 49 minutes ago -
Price discrimination adds to social welfare in the form of
(i)
increased total surplus.
(ii)
reduced...
asked 43 minutes ago -
Find and Sketch 6 point circular convolution of two sequences;
N=6
x[n] = [1,2,3,4]
h[n]= [0,0,1,0]
asked 57 minutes ago -
Using c# visual studio
Game of Life
The Game of Life program assignment follows the material...
asked 50 minutes ago