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    Flowchart Prak 6

    Uploaded by

    anta
    This document outlines the key steps in the procurement and payment process. The purchasing department initiates a purchase order which is sent to the vendor. The receiving department verifies receipt of goods and prepares a receiving report. The accounts payable department matches the invoice to the receiving report, updates the accounts payable ledger, and prepares a voucher for payment. The cash disbursement department then issues payment to the vendor by check after updating the general ledger.

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

    Flowchart Prak 6

    Uploaded by

    anta
    46 views1 page
    This document outlines the key steps in the procurement and payment process. The purchasing department initiates a purchase order which is sent to the vendor. The receiving department verifies receipt of goods and prepares a receiving report. The accounts payable department matches the invoice to the receiving report, updates the accounts payable ledger, and prepares a voucher for payment. The cash disbursement department then issues payment to the vendor by check after updating the general ledger.

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    This document outlines the key steps in the procurement and payment process. The purchasing department initiates a purchase order which is sent to the vendor. The receiving department verifies receipt of goods and prepares a receiving report. The accounts payable department matches the invoice to the receiving report, updates the accounts payable ledger, and prepares a voucher for payment. The cash disbursement department then issues payment to the vendor by check after updating the general ledger.

    Copyright:

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

    Flowchart Prak 6

    Uploaded by

    anta
    This document outlines the key steps in the procurement and payment process. The purchasing department initiates a purchase order which is sent to the vendor. The receiving department verifies receipt of goods and prepares a receiving report. The accounts payable department matches the invoice to the receiving report, updates the accounts payable ledger, and prepares a voucher for payment. The cash disbursement department then issues payment to the vendor by check after updating the general ledger.

    Copyright:

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

    Purchasing Receiving Account Payable Cash Disbursement

    Inventory Control General Ledger


    Department Department Department Departement

    Cash Disbursement
    Carrier Vendor Voucher
    2
    Determined Item
    Purchase Order Check
    Requisition

    Packing Slip
    A Invoice
    File
    Invoice Inventory Ledger
    3 Update General Ledger
    Prepare Check
    2 Packing Slip
    A

    Purchase Order

    Prepare Receiving
    Report
    File
    File General Ledger
    Match and Prepare 2
    Update Acc.

    Cash Disbursement
    Payable Ledger
    Voucher Check
    Vendor
    2
    Receiving Report
    Receiving Report
    File
    Cash Disbursement Vendor
    Voucher
    File

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