1. Narrative Description of the existing accounting system (Receipts/Revenue and Disbursement/Expenditure)

Receipt Cycle Spare Parts Supplies Inquiries Spare Parts Needed Response to Inquiries Repair Orders General Receipt Cycle Revenue Ledger and Customer Reporting System Post-repair Quality Inspection Payments Deposits Statements BankJ Disbursement Cycle Spare Parts Supplies Spare Parts Supplies Invoice Disbursement Purchase Order General Ledger and Reporting Payments System Revenue Cycle Microcode Computer Repair Center's revenue cycle begins with repair order entry, which in- volves the process of responding to customer inquiries and checking for the availability ofspare parts required in the operation. The customer will then conduct a post-repair quality inspection to ensure that the problem has been resolved. After the service was completed, an invoice was issued, which was then recorded on their general ledger and reporting system. Finally, cash payments from customers will be processed and collected before being deposited into their bank accounts. Expenditure Cycle suave Pans Sunniles Spare parts supplies are the primary inventory of Microcode Computer Repair Center for provid- ing service. They will place orders from their suppliers and receive invoices for their purchases in order to acquire it. Following that, payment to the supplier will be made, and the spare parts purchased will be received together with the receipt. The purchase and payment information R ' will thereafter be recorded in their general ledger and reporting system. eceiv Cycle Amara Part: Rilnniias Disburseme m Cycie . Spare Parts Sunniies MCRC Revenue Cyde Flaw Chart Ledgerand Reporting m1: Expendilure Cycle Flow Chart