When Accounts Payable and Purchasing Systems Are Highly Automated,more Detail

question 75

Multiple Choice

When accounts payable and purchasing systems are highly automated,more detail is included in the transaction files.This deeper level of detail is illustrated by including

• A)economic order quantities for each item that is held in inventory,including delivery times.
• B)quantities,prices,and item descriptions from each line of the vendor invoice.
• C)sequentially numbered purchase requisitions and purchase orders (with matching numbers).
• D)receiving report numbers that match the numbers on the vendor invoices for improved tracking.

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