MYOB Questions These questions relate to how you would use MYOB to perform the activities. 1. Describe the steps to record a Credit Note from a supplier? 2. In MYOBs purchasing module, users can either choose a quote, order and bill when entering a purchase. Differentiate between a quote, order and bill?

part 2 theory

4. Describe what is likely to occur if company personnel erroneously recorded a purchase transaction for the wrong vendor. What if a cash disbursement were posted to the wrong vendor? Identify internal controls that would detect or prevent this from occurring.