Second question: (56 marks) International Catering Company. Its stock depends on buying fresh vegetables...
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Second question: (56 marks) International Catering Company. Its stock depends on buying fresh vegetables from farmers that are grown during the year. Ahmed (Procurement Manager), who is responsible for determining the list of approved suppliers to deal with. Ahmed has an authorization from the company's management to prepare all purchase orders and is responsible for receiving them by the supplier. Noura (Warehouse Manager) is responsible for inventorying the stores and has the authority to order purchases from the supplier. Required: What are the accounts related to the purchase cycle of the International Catering Company with an example of each of the accounts payable and the purchases determined from the information given above?
Second question: (56 marks)
International Catering Company. Its stock depends on buying fresh vegetables from farmers that are grown during the year. Ahmed (Procurement Manager), who is responsible for determining the list of approved suppliers to deal with. Ahmed has an authorization from the company's management to prepare all purchase orders and is responsible for receiving them by the supplier. Noura (Warehouse Manager) is responsible for inventorying the stores and has the authority to order purchases from the supplier.
Required:
What are the accounts related to the purchase cycle of the International Catering Company with an example of each of the accounts payable and the purchases determined from the information given above?
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