Professional Documents
Culture Documents
B. Cash Disbursement
B. Cash Disbursement
B. Cash Disbursement
3. A blind copy of the purchase order is sent to the receiving department to ensure that
they do their job thoroughly as they count and verify goods coming in. True
4. The basic cash disbursement cycle includes three departments. Which of the following
is not included?
a. Receiving Department
b. Accounts Payable
c. Cash Disbursement
d. General Ledger
5. A disbursement voucher identifies the supplier, lists the outstanding invoices, and
indicates the net amount to be paid after deducting any applicable discounts and
allowances. True
6. It is a form that summarizes information about employees' earnings for each pay
period. It has the list of employee hours worked, gross pay, net pay, deductions, and
payroll date.
a. Payroll Imprest Account
b. Payroll register
c. Job Ticket
d. Disbursement checks
7. Because of accounting complexities associated with payroll, most firms do not have a
separate system for payroll processing. False
9. Asset acquisition begins when a department manager determines that an old fixed
asset needs to be replaced. True
10. It is known as a document that informs the customer what was purchased, the amount
owed, when to pay by, and where to send the payment.
a. Bill of lading
b. Purchase order
c. Sales invoice
d. Packing Slip