BSED ON FOLLWING FLOW CHART TO ANSWER THE QUESTION(PICTURE)
Q1: would there be a tolerence level allowed between purchase order an invoice? EXaplin your answe.
Q2: why is there no tolerance level allowed between invoice and Goods receipt? Explain your answer.
Exam : Accounting Information: x uli Submit ACCT20007 - AIRCon - X + C gradescope.com/courses/147478/assignments/830157/submissionsew Z . . . : NA . $2+8 8 68 5 Bing & Yahoo [ M Safari +$ 5 #14 Taxi) @ 7# & REFERENCE Google Translate Paper Checker | 0.. Understanding Int... Q5 Haynes & Co. Pty Ltd 38 Points Haynes & Co. Pty Ltd (H&C) is a large event-planning company based in Melbourne, Australia. H&C provides event-planning services for corporate events (e.g., product launches). H&C is known for having good supplier relationships. The company always received discounts for prompt payment. Goods supplied are generally of suitable quality; however, with the nature of the business, H&C often liaises with different suppliers to source event-related items (e.g., goodie bags) to meet client specifications. H&C's Purchase Manager is responsible for processing these Purchase Orders. Most suppliers have a 30-day payment term (the same payment term H&C provides to clients); however, some suppliers offer a 2% discount within 7 days. Over the last two years, H&C experienced significant growth, and as a result of this, the company had an increased number of events occurring on the same day. However, due to this, there were a few incidents of mix- ups with goodie bags, with the most serious case being a mix-up of goodie bags for the product launches of two competing companies. To mitigate this issue, H&C has made the decision to deliver low-valueExam : Accounting Information: x uli Submit ACCT20007 - AIRCon - X + C gradescope.com/courses/147478/assignments/830157/submissionsew Z . . . : NA . $2+8 8 68 5 Bing @ Yahoo [ / Safari #$ 5 #14 Taxi) @ 7# 5 REFERENCE Google Translate Paper Checker | 0. Understanding Int... on the same day. However, due to this, there were a few incidents of mix- ups with goodie bags, with the most serious case being a mix-up of goodie bags for the product launches of two competing companies. To mitigate this issue, H&C has made the decision to deliver low-value (
