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UNIT 2 - Coggle Diagram
UNIT 2
Purchase & Payment Cycle
List of approved suppliers
Purchase Orders
Name
quantity
description
price & discounts
terms of payments
Delivery add
Signature of buyer
Authorisation
receiving goods
type, quality, quantity against PO
Capture on GRN, & siged by person recieving
GRN
quantity,
PO number
date of recieving
description of goods
details of person receiving
Damaged goods
Not accepted, returned to supplier
Recording function
Invoices recieved
Record purchases
GRN to DN
Invoice totals
Remittance advice
Cheques
Bank statement
CPJ
Segregation of duties
Recording of payments