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