The purchasing department prepares a purchase requisition addressed to the vendor (seller)containing instructions related to the items ordered.
Correct Answer:
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Q18: Taking a physical inventory is not necessary
Q19: Merchandisers usually end their fiscal year during
Q20: Under the perpetual inventory system,inventory losses can
Q21: Effective internal control requires a department to
Q22: Invoices are documents prepared by a vendor
Q24: The degree of separation of duties varies
Q25: The use of prenumbered documents is important
Q26: A check authorization would be prepared after
Q27: The treasurer should prepare and sign a
Q28: It is best that the receiving department
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