AUDB313 Purchase - meme

Mini Quiz

Puchase Cycle

START

OMG

Which document is used to recognise liability?

Vendor's requisition

Vendor's statement

Vendor's order

welp

Which one is NOT documentation use in recording cash disbursement?

Cash disbursement journal

Cash disbursement transaction file

Cash Prelisting

HELPSHJHJASDH

What is voucher?

Summarizing details of cash transaction which serve as basis for recording and approval of payment

Summarizing details of goods transaction which serve as basis for recording and approval of payment

Summarizing details of purchase transaction which serve as basis for recording and approval of payment

stob

Identify the way of understanding internal control that NOT being mention in the slides?

Flowcharts

Questionnaires

Narrative

🧍🏽

What is the purpose of test of controls

to evaluate the effectiveness of employees involved in the operation

to evaluate the effectiveness of design and operation

to evaluate the effectiveness of business production

OMG

🧍🏽

click on it here only after you finished reading all the cringe words

welp

stob

HELPSHJHJASDH

THE END

START AGAIN?