Please match each term with the most appropriate definition. You will be given o

Question

Please match each term with the most appropriate definition. You will be given one attempt. No time limit.

Authorize a purchase

Bank reconciliation

Purchase order

Purchase requisition

Quantity discounts

Receiving report

Reorder point

Source documents, journal entries, ledger postings

Strategic alliance

Vendor invoice

A. Possible internal control for purchasing from inappropriate vendors
B. Internal control to manage the risk of embezzlement
C. Several can be combined on one purchase order
D. A way to monitor inventory needs
E. One reason for consolidating purchase requisitions
F. Step in the acquisition/payment process
G. Audit trail components
H. Promotes separation of duties
I. Prepared by purchasing department
J. Requests customer payment

Explanation / Answer

Authorize a purchase- A Bank reconciliation- B Purchase order- I Purchase requisition- C Quantity discounts- E Receiving report- F Reorder point- D Source documents, journal entries, ledger postings- G Strategic alliance- H Vendor invoice- J

Related Questions

Navigate

• Browse (All)
• Browse P
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.