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Summary of Purchases and Payments Cycle - Coggle Diagram
Summary of Purchases and Payments Cycle
Purchasing functions
Receiving
Supplier Delivery Notes
Goods Received Notes
Copy of Purchase Orders
Recording
Supplier invoice
Copy of Purchase Orders
Copy of Goods Received Notes
Delivery Notes from Suppliers
Purchases Journal
Credit Notes
Ordering
List of approved suppliers
Supplier price lists
Requisition
Purchase orders
Payments functions
Drawing and signing of cheques
Recording of payments
Control over cheque forms
Documentation
Cheques
Bank Statements
Remittance advice
Cash payments journal
Apply internal control measures (7)
Apply substantive procedures