The flowchart shown below depicts the activities relating to the purchasing, receiving, and accounts payable departments of Model Company, Inc.

Required:
Based only on the flowchart, describe the control activities that most likely would provide reasonable assurance that specific assertions regarding purchases and accounts payable will be achieved. Do not describe weaknesses in internalcontrol.

Transcribed Image Text:

Purchasinqg Receiving Accounts Payable Pion parchasirg Purchsse arcer Assures bect pencing TMc nqurstn meript Compares iwaie quatny and Verfies adeqy recond and PO Rec repot es pot PO. To ecerdee in voscher prenumbere ndependent nsoncind By PO ontrel Purca2e order to dept quandt voucher # vender