please solve in microsoft word Question 2 Inventory control is a very...

80.2K

Verified Solution

Question

Accounting

image
please solve in microsoft word
Question 2 Inventory control is a very important function of any organization. Business must buy material of one kind or the other and a person is responsible to buy material and movement of it within the organization should be documented. Choco Company manufactures Chocolates and cakes. During the month of July following transactions took place in Choco Company. Identify and explain which document you would expect to find in the records of the company as an evidence to record the following a) The current stock of Choco beans have reduced to the level where new order has to be placed. Evidence that the buying department of chocolate Ltd. Had authority to order new supplies of Choco beans from Supplier. b) Evidence that supplier had authority to send cocoa beans to Choco Company. c) Evidence that Choco beans arrived at the stores in good condition as per the quantities ordered. d) Evidence that the storekeeper had to release the cocoa to the production unit to start production

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students