Acg 3401 certification - Study guides, Class notes & Summaries

purchase processing functionsmonitor inventory records, prepare purchase order, receive goods, update inventory records, set up accounts payable vouchers payable system functionalternate to A/P procedures, uses cash disbursements vouchers, each voucher recorded in voucher register, posted to general ledger cash disbursementsidentify liabilities due, prepare cash disbursement, update A/P records, post to general ledger physical expenditure cyclecombines technology and human activity; nat...

purchase processing functionsmonitor inventory records, prepare purchase order, receive goods, update inventory records, set up accounts payable vouchers payable system functionalternate to A/P procedures, uses cash disbursements vouchers, each voucher recorded in voucher register, posted to general ledger cash disbursementsidentify liabilities due, prepare cash disbursement, update A/P records, post to general ledger physical expenditure cyclecombines technology and human activity; nat...