Question
Receiving Report Number Amount on Vendors Invoice Amount Presently Included in or Excluded from Accounts Payable RECEIPT and VENDORS INVOICE DATA Received Date Invoice and
Receiving Report Number | Amount on Vendors Invoice | Amount Presently Included in or Excluded from Accounts Payable | RECEIPT and VENDORS INVOICE DATA | ||
Received Date | Invoice and Shipping Date | FOB Origin or Destination | |||
101 | $2,619.26 | Included | 12-30-04 | 12-30-04 | Origin |
102 | 3,709.16 | Included | 12-26-04 | 12-15-04 | Destination |
103 | 5,182.31 | Included | 12-31-04 | 12-26-04 | Origin |
104 | 6,403.00 | Included | 12-16-04 | 12-27-04 | Destination |
105 | 8,484.91 | Included | 12-28-04 | 12-31-04 | Origin |
106 | 5,916.20 | Included | 01-03-05 | 12-31-04 | Destination |
107 | 7,515.50 | Included | 01-05-05 | 12-26-04 | Origin |
108 | 3,709.16 | Included | 12-26-04 | 12-15-04 | Destination |
109 | 5,182.31 | Included | 12-31-04 | 12-26-04 | Origin |
110 | 6,403.00 | Excluded | 12-16-04 | 12-27-04 | Destination |
111 | 8,484.91 | Included | 12-28-04 | 12-31-04 | Origin |
112 | 5,916.20 | Excluded | 01-03-05 | 12-31-04 | Destination |
113 | 7,515.50 | Included | 01-05-05 | 12-26-04 | Origin |
114 | 6,403.00 | Included | 12-16-04 | 12-27-04 | Destination |
115 | 3,709.16 | Included | 12-26-04 | 12-15-04 | Destination |
116 | 5,182.31 | Included | 12-31-04 | 12-26-04 | Origin |
117 | 6,403.00 | Included | 12-16-04 | 12-27-04 | Destination |
118 | 8,484.91 | Included | 12-28-04 | 12-31-04 | Origin |
119 | 5,916.20 | Excluded | 01-03-05 | 12-31-04 | Destination |
121 | 7,515.50 | Included | 01-05-05 | 12-26-04 | Origin |
122 | 3,709.16 | Included | 12-26-04 | 12-15-04 | Destination |
124 | 5,182.31 | Included | 12-31-04 | 12-26-04 | Origin |
125 | 6,403.00 | Excluded | 12-16-04 | 12-27-04 | Destination |
126 | 8,484.91 | Included | 12-28-04 | 12-31-04 | Origin |
127 | 5,916.20 | Excluded | 01-03-05 | 12-31-04 | Destination |
128 | 7,515.50 | Excluded | 01-05-05 | 12-26-04 | Origin |
129 | 6,403.00 | Excluded | 12-16-04 | 12-27-04 | Destination |
130 | 8,484.91 | Included | 12-28-04 | 12-31-04 | Origin |
Given the data on above Table, in your opinion, is a more detailed look at all of the transactions necessary? Why? Please assume that the acceptable amount of misstatement is 5% of the total amount of the vendor invoices shown.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started