Without redrawing the figures, discuss how Figures would change as a result of the following independent situations
Question:
Without redrawing the figures, discuss how Figures would change as a result of the following independent situations (be specific in describing the changes):
a.Employing a voucher system that involved, among other things, establishing vouchers payable that covered several vendor invoices.
b.Sending a copy of the vendor invoice to the requisitioning department for approval ofpayment.
Transcribed Image Text:
Accounts payable master data Cash disbursement:s events data 2.1 Prepare proposed payments 2.2 Select and record payments 2.3 Issue and record disbursements Gl cash disbursements update Proposed payments Approved payments Vendor payment
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a Purchasing personnel can review the invoice to ensure validity and accuracy of the invoice ie the ...View the full answer
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Related Book For
Accounting Information Systems
ISBN: 978-1133935940
10th edition
Authors: Ulric J. Gelinas, Richard B. Dull
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