The required: Prepare a Data flow diagram (DFD) represents this procedures The following procedure represents...

60.1K

Verified Solution

Question

Accounting

image
The required: Prepare a Data flow diagram (DFD) represents this procedures The following procedure represents the inventory counting procedure In the management - The general manager forms an inventory committee consisting of the accountant, warehouse keeper, administrative employee and technical employee. - The Stock Inventory Committee submits a report to the general manager on the inventory process In the accounting department - The accountant extracts a list of the items in the warehouses without the balances in three copies, one copy with the accounting, one with the administrative employee and the other with the technical employee - The committee determines the date of carrying out the inventory process and informs the general manager of this. In the Warehouse: The committee counts the items in the presence of the warehouse keeper, and the accountant, the administrative employee and the technical employee verify the actual inventory result, each according to the list in his possession. - The committee first matches the three statements to make sure that there is no difference between the confirmed quantities, and if there is a difference, the items with the difference are re-inventory In the accounting department - The accountant extracts the statement of the actual balance from the computerized system - The committee matches the balances - The accountant enters the actual balances into the computerized system - The committee prepares a report to general manager of the inventory result Management The necessary legal action is taken in the event of a shortage of warehouse custody

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