Five financial control objectives which should be achieved relative to the acquisition of goods and services are listed below:

1. The expenditure bears a reasonable relationship to the requirements of the business.

2. Quantities or volumes purchased are reasonable and consistent with needs.

3. Prices and terms of the purchase are consistent with written agreements.

4. Goods or services are received.

5. Proper documentary evidence backs up the transaction.

Required:

For each of the financial control objectives listed above, describe two control techniques which can be used to achieve the objective.