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Ch 13 appropriate item or occurt 11. Terminology: Please match each item on the left with the most I. Terminology. P right. I. Authorize a

Ch 13
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appropriate item or occurt 11. Terminology: Please match each item on the left with the most I. Terminology. P right. I. Authorize a purchase 2. Bank reconciliation 3. Purchase order 4. Purchase requisition 5. Quantity discounts 6. Receiving report 7. Reorder point 8. Source documents, journal a. A way to monitor inventory needs b. Audit trail components c. Internal control to manage the risk of embezzlement d. One reason for consolidating purchase requisitions e. Possible internal control for purchasing from inappropriate vendors f. Prepared by purchasing department g.Promotes separation of duties h. Requests customer payment i. Several can be combined on one purchase order j. Step in the acquisition/payment process entries, ledger postings 9. Strategic alliance 10. Vendor invoice 12. Multiple choice questions

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