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Purchasing Systems Quiz

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What is the purpose of the Accounts Payable and Disbursement System?

To maintain inventory records

To process purchase orders

To process vendor invoices and payments (correct)

To generate payroll checks

Which system component is responsible for generating delivery receipts?

Official Receipt (OR) Generator

Receiving Report (RR)

Stock Issuance Slip (STS)

Delivery Receipt (DR) Generator (correct)

What is the purpose of the General Journal System?

To generate payroll checks

To record transactions that cannot be recorded appropriately in any other special journal (correct)

To record merchandise returns

To maintain inventory records

Purchasing Systems Quiz

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Questions and Answers

What is the purpose of the Accounts Payable and Disbursement System?

Which system component is responsible for generating delivery receipts?

What is the purpose of the General Journal System?

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