Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The required: Prepare a Data flow diagram (DFD) represents this procedures The following procedure represents the inventory counting procedure In the management - The general

image text in transcribed
The required: Prepare a Data flow diagram (DFD) represents this procedures The following procedure represents the inventory counting procedure In the management - The general manager forms an inventory committee consisting of the accountant, warehouse keeper, administrative employee and technical employee. - The Stock Inventory Committee submits a report to the general manager on the inventory process In the accounting department - The accountant extracts a list of the items in the warehouses without the balances in three copies, one copy with the accounting, one with the administrative employee and the other with the technical employee - The committee determines the date of carrying out the inventory process and informs the general manager of this. In the Warehouse: The committee counts the items in the presence of the warehouse keeper, and the accountant, the administrative employee and the technical employee verify the actual inventory result, each according to the list in his possession. - The committee first matches the three statements to make sure that there is no difference between the confirmed quantities, and if there is a difference, the items with the difference are re-inventory In the accounting department - The accountant extracts the statement of the actual balance from the computerized system - The committee matches the balances - The accountant enters the actual balances into the computerized system - The committee prepares a report to general manager of the inventory result Management The necessary legal action is taken in the event of a shortage of warehouse custody

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Advanced Financial Accounting

Authors: Clarence Byrd, Ida Chen

4th Edition

013089611X, 978-0130896117

More Books

Students also viewed these Accounting questions

Question

Use the given graph of f to find a number δ such that 0

Answered: 1 week ago

Question

Does the duty to accommodate apply in this case?

Answered: 1 week ago