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Match Seven of the Terms for Documents and Records (A-M)

Question 146

Question 146

Matching

Match seven of the terms for documents and records (a-m) used in the acquisitions and cash disbursement cycle with the descriptions provided below (1-7).

Premises:

Responses:

a listing of the amount owed to each vendor at a point in time

check

a document used to establish a formal means of recording and controlling acquisitions; it includes a cover sheet and a package of relevant documents

voucher

a document prepared by the purchasing department indicating the description quantity and related information for goods and services that the company intends to purchase

vendor's invoice

the listing or report that includes all cash payments for a given period

purchase order

a document received from the vendor which shows the amount owed for an acquisition

debit memo

a document indicating a reduction in the amount owed to a vendor because of returned goods or an allowance granted

accounts payable trial balance

a document used to request goods and services by an authorized employee

acquisitions journal

cash disbursements journal

vendor's statement

accounts payable master file

summary acquisitions report

purchase requisition

receiving report

Premises:

a listing of the amount owed to each vendor at a point in time

a document used to establish a formal means of recording and controlling acquisitions; it includes a cover sheet and a package of relevant documents

a document prepared by the purchasing department indicating the description quantity and related information for goods and services that the company intends to purchase

the listing or report that includes all cash payments for a given period

a document received from the vendor which shows the amount owed for an acquisition

a document indicating a reduction in the amount owed to a vendor because of returned goods or an allowance granted

a document used to request goods and services by an authorized employee

Responses:

check

voucher

vendor's invoice

purchase order

debit memo

accounts payable trial balance

acquisitions journal

cash disbursements journal

vendor's statement

accounts payable master file

summary acquisitions report

purchase requisition

receiving report

Correct Answer:

Premises:

Responses:

check

voucher

vendor's invoice

purchase order

debit memo

accounts payable trial balance

acquisitions journal

cash disbursements journal

vendor's statement

accounts payable master file

summary acquisitions report

purchase requisition

receiving report

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