Which one of the following duties should not be assigned the purchases department?
A) Finding the lowest cost vendor
B) Reviewing vendors' catalog descriptions and prices for standardized items
C) Designing the purchase order form
D) Authorizing the acquisition of goods
Correct Answer:
Verified
Q22: A document received from the vendor indicating
Q28: You have been assigned to the accounts
Q30: Failure to record the acquisition of goods
Q31: A vendor invoice is normally prepared at
Q32: The acquisition and payment cycle typically begins
Q37: A written purchase order is a contractual
Q38: An acquisitions transaction file is a computer-generated
Q40: When testing the controls for the completeness
Q56: When a client uses perpetual inventory records,
Q58: A key internal control over the acquisition
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents