1. Which task must still require human intervention in an automated purchases/cash disbursements system?
a. determination of inventory requirements
b. preparation of a purchase order
c. preparation of a receiving report
d. preparation of a check register
2. Which one of the following departments does not have a copy of the purchase order?
a. the purchasing department
b. the receiving department
c. accounts payable
d. general ledger
3. Which document typically triggers the process of recording a liability?
a. purchase requisition
b. purchase order
c. receiving report
d. supplier’s invoice
4. Which of the following tasks should the cash disbursement clerk NOT perform?
a. review the supporting documents for completeness and accuracy
b. prepare checks
c. approve the liability
d. mark the supporting documents paid
5. Which of the following is true?
a. The cash disbursement function is part of accounts payable.
b. Cash disbursements is an independent accounting function.
c. Cash disbursements is a treasury function.
d. The cash disbursement function is part of the general ledger department.