Define in detail The Conceptual Systems. The importance of the Purchases Processing Procedures, Monitoring Inventory Records, Preparing Purchase Orders, Receive Goods, Update Inventory Records, Setup Accounts Payable, Vouchers Payable System, Post to General Ledger.

Define The Cash Disbursements System.

Explain in detail the following steps of the Cash Disbursement System:

Identify Liabilities Due

Prepare Cash Disbursement

Update AP Record

Post to General Ledger