Purchase is an important activity in most of the businesses. The key documents involved in this activity are purchase order issued to the supplier, receiving report prepared at the time of receiving the supplies and the invoice received from the supplier. These documents are basis for audit or internal control of the payments to be made to the supplier. To Identify: As a form on internal control, documents to be reviewed prior to paying an invoice from a supplier.

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Chapter P, Problem 17Q

To determine

Purchase is an important activity in most of the businesses. The key documents involved in this activity are purchase order issued to the supplier, receiving report prepared at the time of receiving the supplies and the invoice received from the supplier. These documents are basis for audit or internal control of the payments to be made to the supplier.

To Identify: As a form on internal control, documents to be reviewed prior to paying an invoice from a supplier.

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