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The Following Ten Items Describe Positions or Departments Related to Procurement

Question 119

Matching

The following ten items describe positions or departments related to procurement and human resource business processes. Listed below are ten positions or departments:
Match the description with the positions or departments.

Premises:

Responses:

Has authority to request the purchase of needed items

Cash disbursements

Prepares a control total of checks paid and sends it to general ledger

Paymaster

Reconciles bank statements

Purchasing

Performs final matching of documents to authorize payments

Receiving

Computes gross pay, deductions, and net pay

Accounts Payable

Counts and inspects incoming goods

Payroll

Has responsibility for distributing employee payroll checks

Personnel

Maintains clock cards and reconciles them to job time summary sheets

Timekeeping

Authorizes new employees and their pay rates and payroll deductions

Internal audit

Frequently uses request-for-quotation forms to obtain bids

Stores

Premises:

Has authority to request the purchase of needed items

Prepares a control total of checks paid and sends it to general ledger

Reconciles bank statements

Performs final matching of documents to authorize payments

Computes gross pay, deductions, and net pay

Counts and inspects incoming goods

Has responsibility for distributing employee payroll checks

Maintains clock cards and reconciles them to job time summary sheets

Authorizes new employees and their pay rates and payroll deductions

Frequently uses request-for-quotation forms to obtain bids

Responses:

Cash disbursements

Paymaster

Purchasing

Receiving

Accounts Payable

Payroll

Personnel

Timekeeping

Internal audit

Stores

Correct Answer:

Premises:

Responses:

Has authority to request the purchase of needed items

Prepares a control total of checks paid and sends it to general ledger

Reconciles bank statements

Performs final matching of documents to authorize payments

Computes gross pay, deductions, and net pay

Counts and inspects incoming goods

Has responsibility for distributing employee payroll checks

Maintains clock cards and reconciles them to job time summary sheets

Authorizes new employees and their pay rates and payroll deductions

Frequently uses request-for-quotation forms to obtain bids

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