Describe the purpose of a purchase order by selecting the correct statement(s) below. (Check all that apply.) A purchase order is a document the purchasing department uses to place an order with a vendor. Multiple copies of the purchase order are distributed to other departments to increase internal control of company pu A purchase order authorizes a vendor to ship ordered merchandise at a stated price and terms. A purchase order is a bill received from the vendor that reflects the amount owed by the buyer.

Suppose you are being interviewed for a bookkeeping job for a retailer that uses a perpetual inventory system. The employer feels that the only way to determine whether or not the person being interviewed actually understands how to record transactions, is to ask them to provide an example showing the accounts (no amounts necessary) that would be debited and credited for the following: Purchase merchandise inventory on account. Sale of goods on account Return of part of the merchandise purchased in 1. above to the supplier. Payment to supplier, taking advantage of the discount that was offered.  Return of goods by customer for credit.  Payment received from customer, taking advantage of discount that was offered.

How does a price list get assigned to a sales order?a. It is copied from the business partner master to the sales order.b. Each warehouse has an associated price list.c. You have to manually assign a price list in the sales order.d. The main price list from the item master record is used in the sales order.

Each of the below describes a procedure consistent with a strong system of internal control except…   Question 7 options:   The customer order department determines when a sale has occurred and should be recorded.   The accounts payable department agrees purchase requisitions, purchase orders, receiving reports, and invoices prior to payment.   Quantities ordered are excluded from the receiving department copy of a purchase order so receiving personnel count and inspect merchandise received.   The use of remittance advices for customers' payments on accounts receivable received in the mail.

Please answer multichoice question in photo. There may be more than one answer

Sales orders are written by sales people who have no access to the goods, which are released by warehouse personnel. This is example of: an analytical review establishing a system for storing and counting inventory proper documentation that is monitored properly segregation of duties

All of the following are documents used for inventory control except Oa. a receiving report. Ob. a petty cash voucher Oc. a vendor's invoice.

The Inventory module window has journal icons for Select one: O a. inventory sales and inventory purchases b. item assembly and inventory adjustments O c. inventory sales and inventory adjustments O d. all of the above Show Transcribed Text You should use the adjustments journal to record - Select one: O a. adjustments to inventory purchase prices from the supplier as an allowance for damages O b. adjustments to inventory sale prices to customers as an allowance for damages c. adjustments to inventory in stock for damaged goods O d. all of the above