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The payments department at Slick Sales has issued a cheque for an invoice it has received...

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Accounting

The payments department at Slick Sales has issued a cheque foran invoice it has received from Office Supplies Ltd. The payablesclerk has three documents, (1) a receipted purchase order, (2) areceiving report, and (3) an invoice. The clerk has prepared theaccompanying cheque and its signed, ready for sending. b) Explainhow the purchase order, receiving report and invoice play animportant role in the authorisation of payments to accountspayable.__________________________________________________________________

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Accounts Payable Importance In any Organization we need to see two types of Creditor 1 Operation creditor and 2 financial Creditor Operational creditor includes Trade creditors accounts payable under Accounts payable Need to look into the accounting records and schedule for payment Following    See Answer
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