CHAPTER 14 Flashcards

Purchase & Purchase Return

1
Q

Codes in purchase system

A
  • Supplier account number
  • Product/service number
  • Purchase invoice sequence number
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2
Q

Why we need to code invoice received?

A

bcs invoice received from supplier will have their unique reference number based on the supplier’s accounting system ,,, we must codified this to post in OUR accounting system

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