Page 276 - Accounting Information Systems

C H A P TER 5 The Expenditure Cycle Part I: Purchases and Cash Disbursements Procedures 247

Update General Ledger General Ledger

General Ledger D Journal Journal Voucher Voucher Journal Voucher Journal Voucher

Cash Disbursements Purchase Requisition PO Receiving Report Journal Voucher PO Receiving Report Invoice Cash Disb Voucher

Purchase Requisition

Accounts Payable Purchase Requisition PO Receiving Report Invoice Record Liability in Voucher Register and Prepare Journal Voucher Voucher Register

ANALYSIS B

FLOWCHART PO Packing Slip Stores

4: Receiving PO 3 2 1 E
PROBLEM A Packing Slip Clerk Compare Packing Slip with PO and Prepare RR RR Receiving Report

Inventory Control Inventory Ledger PR PO C Receiving Report Inventory Ledger Journal Voucher PR PO RR D

3 C
2 Ledgers
Purchase 1 Requisition 3 Update Inventory File and Prepare Journal Voucher
Purchases 2 1 3 2

Prepare Purchase Requisition and PO Purchase 1 Order E Receiving Report

Vendor Purchase Order Packing Slip A Invoice B