17
12)
Credit memo: a document that allows a credit to a customer for a sales return
or for allowance on a sale.
13)
Credit
application: a
form
prepared
when a new
customer
applies
for credit,
showing
detailed
data
pertaining
to
the
applicant’s current
financial
condition and earning level.
14)
Salesperson call report: a form used to describe a call made by a salesperson
on a prospective customer and to indicate the result of the call.
15)
Delinquent notice: a notice sent to a customer who is past due on his or her
credit account balance.
16)
Write-off notice: a document prepared by the credit manager when an
account is deemed to be uncollectible.
17)
Cash register receipt: a form used by a retailer to reflect cash received.
2.3 Expenditure Cycle (EC)
The
application of
AIS that handles economic
events
necessary
in
material and
overhead acquisition
and payment
for
the
conversion
process
of
business
is
the
Expenditure
Cycle (EC).
The explanation
contains
the
cycle’s
definition and
its
objectives, as well as the documents related to it.
2.3.1 Definition of EC
Romney
and
Steinbart
(2006,
p.
410)
define
EC
as
a
recurring
set
of business
activities
and
related data processing operations
associated
with
the purchase
of
and
payment
for
goods
and services.
The
foremost
external
exchange of
information is with suppliers (vendors).
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