Identify the document or record used in the expenditure cycle based on the description set out below. a. establishes formal means of recording and controlling acquisitions; includes a cover sheet and a package of relevant documents b. indicates a reduction in the amount owed to a vendor because of returned goods or an allowance granted c. a listing of the amount owed to each vendor at a point in time d. specifies details of an acquisition transaction and amount of money owed to the vendor for an acquisition Select your answer from the following list of documents and records: accounts payable master file accounts payable trial balance acquisitions journal cash disbursements journal check debit memo purchase order purchase requisition receiving report vendor's invoice vendor's statement voucher
Identify the document or record used in the expenditure cycle based on the description set out below.
a. establishes formal means of recording and controlling acquisitions; includes a cover sheet and a package of relevant documents
b. indicates a reduction in the amount owed to a vendor because of returned goods or an allowance granted
c. a listing of the amount owed to each vendor at a point in time
d. specifies details of an acquisition transaction and amount of money owed to the vendor for an acquisition
Select your answer from the following list of documents and records:
accounts payable master file
accounts payable
acquisitions journal
cash disbursements journal
check
debit memo
purchase order
purchase requisition
receiving report
vendor's invoice
vendor's statement
voucher
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