Accounting Information Systems
9th Edition
ISBN: 9781133934400
Author: James A. Hall
Publisher: Cengage Learning
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Question
Chapter 5, Problem 3MCQ
To determine
Identify the document that typically triggers the three-way match.
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Students have asked these similar questions
Briefly describe each of the following documents or records: purchase requisition, purchase order, receiving report, vendor invoice, and voucher. Why would an entity combine all documents related to a purchase transaction into a “voucher packet”?
In the sales 3-way match control procedure, which of the following invoice details are agreed to the customer purchase order and shipping document?
O Invoice price, vendor, delivery date, quantity.
O Invoice date, customer, description, quantity.
O Invoice price, customer, delivery date, description, quantity.
O Invoice price, vendor, date, description, quantity.
Which of the following forms cannot be customized?
Select one:
A. Estimate
B. Sales Receipt
C. Credit memo
D. Invoice
Chapter 5 Solutions
Accounting Information Systems
Ch. 5 - Prob. 1RQCh. 5 - What purpose does a purchasing department serve?Ch. 5 - Prob. 3RQCh. 5 - Prob. 4RQCh. 5 - Prob. 5RQCh. 5 - Prob. 6RQCh. 5 - Prob. 7RQCh. 5 - Prob. 8RQCh. 5 - Prob. 9RQCh. 5 - Some organizations do not use an AP subsidiary...
Ch. 5 - What is the purpose of the blind copy of a PO?Ch. 5 - Prob. 12RQCh. 5 - Prob. 1DQCh. 5 - Prob. 2DQCh. 5 - Prob. 3DQCh. 5 - The level of day-to-day department activity in...Ch. 5 - Prob. 5DQCh. 5 - What is central to a successful EDI...Ch. 5 - Discuss the objective of eliminating the receiving...Ch. 5 - What purpose does multilevel security control play...Ch. 5 - Prob. 9DQCh. 5 - Prob. 10DQCh. 5 - Prob. 1MCQCh. 5 - Prob. 2MCQCh. 5 - Prob. 3MCQCh. 5 - Prob. 4MCQCh. 5 - Prob. 5MCQCh. 5 - Prob. 6MCQCh. 5 - Prob. 7MCQCh. 5 - Prob. 8MCQCh. 5 - Prob. 9MCQCh. 5 - Prob. 10MCQCh. 5 - Prob. 1PCh. 5 - INVENTORY ORDERING ALTERNATIVES The flowchart for...Ch. 5 - Prob. 3PCh. 5 - Prob. 4PCh. 5 - Prob. 5PCh. 5 - Prob. 6PCh. 5 - Prob. 7PCh. 5 - Prob. 8PCh. 5 - Prob. 9PCh. 5 - Prob. 10PCh. 5 - Prob. 11PCh. 5 - SMITHS MARKET (SMALL BUSINESS ACCOUNTING SYSTEM)...Ch. 5 - Prob. 2ICCCh. 5 - Prob. 3ICCCh. 5 - Prob. 4ICCCh. 5 - Prob. 5ICCCh. 5 - GREEN POND NURSERY (STANDALONE PC-BASED ACCOUNTING...Ch. 5 - Prob. 7ICCCh. 5 - Prob. 8ICC
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Similar questions
- Which one of the following documents is not needed to process a payment to a vendor?A. vendor invoiceB. packing slipC. check requestD. purchase orderarrow_forwardThe payables clerk obtains and matches the purchase order, receiving report, and vendor's invoice and untill all three are obtained, the items are filed in a pending file. True or False?arrow_forwardWhen goods are received, the receiving clerk should match the good with_____? A. The vendor invite and the vendor shipping document B. The purchase order and the requisition form C. The vendor shipping document and the purchase order D. The vendor invite and the purchase orderarrow_forward
- A company indicates the condition of goods obtained onwhich of the following documents?a. Purchase requisitionb. Purchase orderc. Receiving reportd. Supplier invoicearrow_forwardWhich of the following documents will only be used for internal purposes? O Deposit Slip Bill of Lading Purchase Order Purchase Requisition A voucher is prepared before what transaction? Paying O Ordering Receiving O Requestingarrow_forwardIn a good internal control system, which of the following sets of documents is required for proper approval of a payment to a supplier? A. a journal entry, a supplier invoice, and a description of the goods being purchased B. a supplier invoice, a bill of lading, and the supplier's financial statements C. a purchase order, a journal entry, and a price catalog D. a receiving report, an invoice, and a purchase orderarrow_forward
- Which one of the following documents is not needed to process a payment to a vendor? Group of answer choices 1.vendor invoice 2.packing slip 3.check request 4.purchase orderarrow_forwardWhich one of the following statements best describes the purpose of a purchase order? It is issued to a supplier to request supply of goods from them on terms specified within the order A It is issued to a customer to confirm the supply of goods to them on terms specified in the order В It is issued to a supplier as notification of payment It confirms the price that will be charged by a supplier for goods supplied C Darrow_forwardthe purchases and disbursements cycle usually begins when a. a user department request for acquisition of goods or services and submits purchase requisition to the purchasing department b. a check is issued to the vendor or supplier c. the warehouse is received the goods from the vendor or supplier d. the accounting posts the purchase transaction in the accounts payable ledgerarrow_forward
- Accounting information systems have five generic elements . Which of the following pairs includes examples of two different elements within the context of the acquisition /payment process ? Select one : a. All of these b. Journal entry that debits inventory and credits cash O c. Separation of duties and a blind copy of the receiving report O d. Purchase requisition and schedule of accounts payablearrow_forwardWhich one of the following documents is not needed to process a payment to a vendor? A. vendor invoice B. packing slip C. check request D. purchase orderarrow_forwardUsing the following purchases journal, identify each of the posting references, indicated by a letter, as representing (1) a posting to a general ledger account, (2) a posting to a subsidiary ledger account, or (3) that no posting is required:arrow_forward
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