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Listed Below Are the Major Functions of the Purchasing Process

Question 75

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Listed below are the major functions of the purchasing process.
1)Purchasing function.
2)General ledger function.
3)Invoice-processing function.
4)Disbursement function.
5)Accounts payable function.
6)Requisition and receiving function.
Name four pairs of functions that should be segregated from each other and explain why the segregation is important.

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1 should be separated from 6 - An indivi...

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