When accounts payable and purchasing systems are highly automated, more detail is included in the transaction files. This deeper level of detail is illustrated by including
A) economic order quantities for each item that is held in inventory, including delivery times.
B) quantities, prices, and item descriptions from each line of the supplier invoice.
C) sequentially numbered purchase requisitions and purchase orders (with matching numbers).
D) having receiving report numbers match the numbers on the supplier invoices for improved tracking.

Question

Quizplus · Accepted Answer

When accounts payable and purchasing systems are highly automated, more detail is included in the transaction files. For instance, quantities, prices, and item descriptions from each line of the supplier invoice can be included. This more detailed information can help with tracking and managing inventory levels. Alternatively, while economic order quantities, purchase requisitions, and purchase orders are also part of the purchasing system, they are not directly related to the transaction files that are created during the accounts payable process. Finally, matching receiving report numbers to supplier invoice numbers is important for tracking, but it does not provide more detailed information about the transactions.

When Accounts Payable and Purchasing Systems Are Highly Automated, More