Scribd Logo
Upload

Welcome to Scribd!

  • 537 views

    Expenditure-Cycle

    Uploaded by

    Ma. Lou Erika BALITE
    The document outlines the expenditure cycle process which involves inventory control, purchasing, receiving, accounts payable, and check disbursement departments. The process begins with inventory control examining inventory records and preparing purchase requisitions which are used by purchasing to select suppliers and prepare purchase orders. Receiving receives goods, prepares receiving reports, and records receipt. Accounts payable uses receiving reports to prepare vouchers and record in the cash register and check disbursements issues checks to suppliers.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Expenditure-Cycle

    Uploaded by

    Ma. Lou Erika BALITE
    537 views1 page
    The document outlines the expenditure cycle process which involves inventory control, purchasing, receiving, accounts payable, and check disbursement departments. The process begins with inventory control examining inventory records and preparing purchase requisitions which are used by purchasing to select suppliers and prepare purchase orders. Receiving receives goods, prepares receiving reports, and records receipt. Accounts payable uses receiving reports to prepare vouchers and record in the cash register and check disbursements issues checks to suppliers.

    Original Title

    Expenditure-cycle..

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    The document outlines the expenditure cycle process which involves inventory control, purchasing, receiving, accounts payable, and check disbursement departments. The process begins with inventory control examining inventory records and preparing purchase requisitions which are used by purchasing to select suppliers and prepare purchase orders. Receiving receives goods, prepares receiving reports, and records receipt. Accounts payable uses receiving reports to prepare vouchers and record in the cash register and check disbursements issues checks to suppliers.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    537 views1 page

    Expenditure-Cycle

    Uploaded by

    Ma. Lou Erika BALITE
    The document outlines the expenditure cycle process which involves inventory control, purchasing, receiving, accounts payable, and check disbursement departments. The process begins with inventory control examining inventory records and preparing purchase requisitions which are used by purchasing to select suppliers and prepare purchase orders. Receiving receives goods, prepares receiving reports, and records receipt. Accounts payable uses receiving reports to prepare vouchers and record in the cash register and check disbursements issues checks to suppliers.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    expenditure cycle

    INVENTORY CONTROL PURCHASING RECEIVING ACCOUNTS CHECK


    DEPARTMENT DEPARTMENT DEPARTMENT PAYABLE DISBURSEMENTS
    Purchase
    examines the Requisition 1 supplier Receiving Purchase
    inventory Voucher
    inventory record Report 3 Order 2

    Receives goods and


    select a prepares receiving prepares Record in the
    Purchase Purchase supplier
    Vendor report N
    file
    check cash register
    Requisition 2 Requisition 1
    supplier
    Receiving
    Report 1
    Check supplier

    prepare
    Receiving
    purchase B Receiving Invoice
    N Report 2
    Report 3 Check Copy N
    Purchase Receiving Purchase
    supplier Order 2
    Order 1 Report 3

    Purchase
    A
    Order 2
    B reconcile and
    Purchase record
    N
    Order 3

    prepare
    inventory
    purchase
    post
    journal
    journal

    B accounts payable
    subsidiary
    account

    N
    Voucher

    You might also like