CHAPTER 2
THEORETICAL FOUNDATION
2)Purchase
order:
a
formal,
multicopy
form
prepared
from
the
purchase
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Formatted: Centered
requisition that binds the acquiring firm.
3)Receiving report: a document that records the receipts of goods.
4)Supplier’s (vendor’s) invoice: a billing document from the supplier who
provides goods or services.
5)Disbursement voucher: a document within a voucher system that accumulates
suppliers’ invoices for payment.
6)Disbursement check: the final document in the EC that provides payment to a
supplier for some goods or services.
7)Debit
memorandum:
a
document
that
authorizes
a
purchase
return
or
allowance.
8)New
supplier
(vendor)
form:
a
form
used
in
the selection
of new suppliers,
showing such data
as
prices,
types-of-goods or
services
provided,
experience,
credit standing, and references.
9)Request
for
proposal
(or
quotation):
a
form
used
in
a
competitive
bidding
procedure, showing
the
goods or
services
needed
and
the
comparative
prices,
terms, and so on.
2.4.Internal Control (IC)
Control systems are crucial and required by businesses so they are not exposed to
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excessive
risk
or
behaviors
that
might
harm
their
reputation
for
honesty
and
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