ACB Corporation's Purchasing Department Sent a Copy of a Purchase

question 21

Multiple Choice

ACB Corporation's purchasing department sent a copy of a purchase order to the receiving department. Which of the following statements is most true?

• A) The purchase order sent to receiving should be identical to the purchase order sent to the b. vendor.
• B) The receiving department should not have a copy of the purchase order.
• C) The copy sent to receiving should not be sequentially numbered.
• D) The receiving department's copy will strengthen internal control if properly prepared.

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Definitions:

Residual

The remaining amount left over from an equation or calculation, often referred to in terms of profits or leftovers in financial contexts.

Marginal

Refers to the additional or incremental change in an outcome resulting from a unit change in some activity, often used in economics to discuss marginal cost or benefit.

Recaptured Depreciation

The taxable difference between adjusted cost of disposal and UCC when UCC is smaller.

UCC

Uniform Commercial Code, a set of laws that provide legal rules and regulations governing commercial or business dealings and transactions in the United States.