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Base-level contracting (CONS)
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Who publishes suspense dates for fiscal year end purchases based on type of purchase and funding amounts to ensure they can properly execute the purchasing action?
Base-level contracting (CONS)
What is a Purchase order system?
It is a system that helps control and manage the purchasing and receiving of stock for a business and also preventing unauthorized employee or other purchases.
An auditor traced a sample of purchase orders and the related receiving reports to the purchases journal and the cash dispursements journal The purpose of this substantive audit procedure most likely?
Determine that purchases were properly recorded.
What do you call the person who enters purchase orders?
The person who enters purchase orders is typically referred to as a Purchasing Agent or Purchasing Clerk. Their responsibilities often include processing purchase orders, ensuring accuracy in orders, and maintaining records of purchases. In some organizations, this role might also be included under titles like Procurement Specialist or Buyer.
How do you calculate net purchases?
Purchase Return and Allowance- Discount From purchase = Net Purchase
Who publishes suspense dates for fiscal year-end purchases based on types of purchase and funding amounts to ensure they can properly execute the purchasing action?
Base-level contracting (CONS)
Who publishes suspense dates for fiscal year end purchases based on type of purchase and funding amounts to ensure they can properly execute the purchasing action?
Base-level contracting (CONS)
What is purchase department?
Purchase department is responsible for company wide purchases of inventory as well as assets to centralized the purchasing process.
Who purchases furniture for public schools?
Large purchases are almost always made by the school district - purchasing. There are buyers that can issue purchase orders directly and some have to get approval from a county commission or mayors office, etc.
What is a Purchase order system?
It is a system that helps control and manage the purchasing and receiving of stock for a business and also preventing unauthorized employee or other purchases.
An auditor traced a sample of purchase orders and the related receiving reports to the purchases journal and the cash dispursements journal The purpose of this substantive audit procedure most likely?
Determine that purchases were properly recorded.
What are the stages of purchasing?
The stages of purchasing typically include awareness, consideration, decision, and post-purchase evaluation. During awareness, the consumer identifies a need or want. In the consideration stage, they research and evaluate options. The decision stage involves making the final purchase, and post-purchase evaluation assesses satisfaction and potential repeat purchases.
Did Spain purchase the Louisiana purchase?
No. It was purchases from France
What do you call the person who enters purchase orders?
The person who enters purchase orders is typically referred to as a Purchasing Agent or Purchasing Clerk. Their responsibilities often include processing purchase orders, ensuring accuracy in orders, and maintaining records of purchases. In some organizations, this role might also be included under titles like Procurement Specialist or Buyer.
Is centralization of purchasing in a large company a step to greater efficiency?
It can be but the answer is going to always be - it depends. If the organization makes homogeneous purchases it may make sense because of bulk purchase discounts and loss of overhead (local purchasing labor). If the large company has operations world-wide it may make more sense to make some purchases locally while other purchases should be made corporately and shipped to each location. If you are referring to the centralization of purchasing to one department in a large company because purchases are made in many departments then I would posit it is much more efficient to have purchases made in the purchasing department. Without going into details purchasing departments are ripe for fraudulent activity. Without the details of the company it is difficult to answer the question. There is a balancing act to maximize the potential discounts one would receive for purchases, overhead (additional resources) to make purchases outside of corporate purchasing, shipping costs, potential for fraud, excess inventory levels, operational requirements (lead time). It just depends on the specific situation.
What is the past participle of purchase?
purchases
Explain how the collections and purchases schedules are related to the borrowing needs of the corporation?
The collections and purchase schedules measure the speed at which receivables are collected and purchases are paid. To the extent collections do not cover purchasing costs and other financial requirements, the firm must look to borrowing to cover the deficit.
