70.2K

Verified Solution

Link Copied!

Question 2 Which of the following validations or compartons is NOT typically done before payment is made on avendo inice The extensions and invoice total are mathematically correct The quantities are in agreement with the Purchase Order and the Receiving Report The items ordered have been sold to a customer The prices charged are in agreement with the prices on the Purchase Order Question 4 A risk in any Acquisition Payment Purchasing code is purchasing goods from inappropriate vendorsWhich of the follow controls is not typically associated with reducing this risk? Develop and enforce contido nterest policy Create strategie alliances with preferred vendors Establish criteria for supplier reliability and quality of goods Insure products while en route Questions 1 pts A copy of the Purchase order that is sent to the Receiving Department with the "items ordered" listed but "quantities ordered removed is called: A blind purchase order A prenumbered purchase order A purchase requisition A blank purchase order Question 6 What three documents are matched together in preparation for payment in an expenditure cycle? The approved purchase order, the receiving report, and the vendor invoice. The approved purchase order, the customer invoice, and the accounts payable subsidiary ledger, The bill of lading the recelving report, and the vendor invoice. The vendor invoice, the receiving report, and the check. A receiving report is prepared for what purpose? To document that the prices on the Vendor Invoice are in agreement with the prices on the Purchase Order To document that the items received were based on an issued Purchase Order To document that the freight charges for the items received are reasonable To document the items received and their condition

Answer & Explanation Solved by verified expert

See Answer