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    13 views25 pages

    Romney Expenditure

    Uploaded by

    Nazee Mohammad Isa
    Tb

    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd
    Flag for inappropriate content
    Download as pdf
    of 25
    Accounting Information Systems, 12¢ (Romney/Steinbart) ‘Chapter 13.‘The Expenditure Cycle: Purchasing to Cash Disbursements 1) The Squishy Things Toy Company vas established in 1948. Itrecenly signed a large contract witha chain of etal toy stores. Asa condition of the contrac, the Squishy willbe required to track and forecast product sales by’ linking in othe chairs sales database. Squishy will then be responsible for shipping products othe chain's regional varchouses as needed. The relationship between Squishy and the chain isan example of AA) vendor-managed inventory. B) sales force automation, () cleetroni data interchange D) optical character recognition Answer A Page Ref 382 Objective: Learning Objective 1 Dificulty - Easy AACSB: Analytic 2) Requiring all packing slips be reconciled o purchase orders before accepting a delivery of inventory ‘would be mos likely to prevent which ofthe following situations? A) Asupplier delivers more inventory than ordered atthe end ofthe year and sends an invoice forthe total quantity delivered BB) Anemployee mails fake invoice tothe company, which is then paid (©) The inventory ecords are incorrectly updated when a receiving department employee enters the wrong prod number on the receiving report. ) Receiving department employees steal inventory and then claim the inventory was received and

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