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Question 2 Inventory control is a very important function of any organization. Business must buy material of one kind or the other and a person
Question 2 Inventory control is a very important function of any organization. Business must buy material of one kind or the other and a person is responsible to buy material and movement of it within the organization should be documented. Choco Company manufactures Chocolates and cakes. During the month of July following transactions took place in Choco Company. Identify and explain which document you would expect to find in the records of the company as an evidence to record the following a) The current stock of Choco beans have reduced to the level where new order has to be placed. Evidence that the buying department of chocolate Ltd. Had authority to order new supplies of Choco beans from Supplier. b) Evidence that supplier had authority to send cocoa beans to Choco Company. c) Evidence that Choco beans arrived at the stores in good condition as per the quantities ordered. d) Evidence that the storekeeper had to release the cocoa to the production unit to start production
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