Book reference: Expenditure Cycle - Accounting Information System by James Hall

1. What document shows when fixed assets are fullydepreciated? 2. Who should authorize disposal of fixed assets? 3. Assets used for production are secured in a warehouse. Who has custody of fixed assets? 4. Differentiate between a purchase requisition and apurchase order. 5. What purpose does a purchasing departmentserve? 6. Distinguish between an accounts payable file and avouchers payable file. 7. What are the three logical steps of the cash disbursements system? 8. What general ledger journal entries does the purchases system trigger? From which departmentsdo these journal entries arise? 9. What two types of exposures can close supervision of the receiving department reduce? 10. How can a manual purchases cash disbursementssystem be reengineered to reduce discrepancies,be more accurate, and reduce processing costs? 11. What steps of independent verification does thegeneral ledger department perform? 12. What is (are) the purpose(s) of maintaining a validvendor file? 13. How do computerized purchasing systems help toreduce the risk of purchasing bottlenecks? 14. What is the purpose of the blind copy of a purchase order?

15. Give one advantage of using a vouchers payablesystem.

Please answer all the questions. I badly need the answers for me to understand the concepts. Thank you.