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Flowchart

The document outlines the key steps in inventory control and cash disbursement processes. It shows the flow of purchase orders, receiving reports, vouchers, checks, and inventory records. Purchase orders are issued and sent to suppliers. Goods are received according to receiving reports and inventory is updated. Vouchers are prepared from purchase records and checks are issued to pay suppliers. Records are reconciled and posted to update accounting ledgers.

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rose
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54 views

Flowchart

The document outlines the key steps in inventory control and cash disbursement processes. It shows the flow of purchase orders, receiving reports, vouchers, checks, and inventory records. Purchase orders are issued and sent to suppliers. Goods are received according to receiving reports and inventory is updated. Vouchers are prepared from purchase records and checks are issued to pay suppliers. Records are reconciled and posted to update accounting ledgers.

Uploaded by

rose
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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INVENTORY CONTROL

CASH DISBURSEMENT
Inventory
ii

PURCHASING

Review

RECEIVING

ACCOUNT PAYABLE

Purchase
record 1

Voucher

Purchase
Order 2
Purchase
record 2
Purchase
record 1

Review

Receiving
report 3
Receiving
report 2
Receiving
report 1

Inventory

Post

Check
copy 2

Supplier

Purchase
order 3
Receivi
ng
record 2

Prepare
checks

Purchase
order 2
Purchase
order 1

Check
A

Store
Invoice
Reconcile &
post

Inventory

Supplier
Journal

Receivi
ng
record

Supplier

AP
Ledger
Voucher

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