dA clerk in the accounting department periodically reviews the inventory records in Dorder to determine which items need reordering. When she notes that the quantity on hand has fallen below a pre-established reorder point, she prepares a prenumbered purchase requisition in two copies. One copy of the PR is placed in a chronological file until the matching purchase order is received. The original PR is sent to the purchasing department, where a buyer (1) decides on a suitable supplier by reference to a supplier list and (2) prepares a prenumbered purchase order in four copies. original copy of the purchase order is signed by the purchasing manager and mailed to the designated supplier. The second copy of the PO is returned to the inventory clerk in the accounting department, who (a) pulls the matching second copy of the PR from the temporary file (where it had been filed chronologically), (b) posts the ordered quantities to the inventory records, and (c) files the purchase requisition and purchase order together numerically. The third copy of the PO is forwarded to the receiving department where it is filed numerically to await the receipt of the ordered goods. The fourth copy of the PO is filed numerically, together with the original copy of the purchase requisition, in an open purchase order file. When the invoice from the supplier arrives, this last copy will be forwarded to the accounts payable department. Notes: 1. The process is totally manual. The only information medium used is paper. 2. There are three departments involved. Divide the flowchart by these into columns. 3. Define the process (symbol) in terms of inputs and outputs. Thus, it is ok to show a process symbol with more than one activity occurring. Your assignment is to flowchart the purchase order documents from the point where I left off with the purchase requisition.
dA clerk in the accounting department periodically reviews the inventory records in Dorder to determine which items need reordering. When she notes that the quantity on hand has fallen below a pre-established reorder point, she prepares a prenumbered purchase requisition in two copies. One copy of the PR is placed in a chronological file until the matching purchase order is received. The original PR is sent to the purchasing department, where a buyer (1) decides on a suitable supplier by reference to a supplier list and (2) prepares a prenumbered purchase order in four copies. original copy of the purchase order is signed by the purchasing manager and mailed to the designated supplier. The second copy of the PO is returned to the inventory clerk in the accounting department, who (a) pulls the matching second copy of the PR from the temporary file (where it had been filed chronologically), (b) posts the ordered quantities to the inventory records, and (c) files the purchase requisition and purchase order together numerically. The third copy of the PO is forwarded to the receiving department where it is filed numerically to await the receipt of the ordered goods. The fourth copy of the PO is filed numerically, together with the original copy of the purchase requisition, in an open purchase order file. When the invoice from the supplier arrives, this last copy will be forwarded to the accounts payable department. Notes: 1. The process is totally manual. The only information medium used is paper. 2. There are three departments involved. Divide the flowchart by these into columns. 3. Define the process (symbol) in terms of inputs and outputs. Thus, it is ok to show a process symbol with more than one activity occurring. Your assignment is to flowchart the purchase order documents from the point where I left off with the purchase requisition.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 4 steps with 1 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education