15 Jul enterprise integrated systems SAP
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College of Computing and Informatics
Question One
1 Mark
The most common item categories are standard, consignment, subcontracting, third-party, and stock transfer. Explain how each of these item categories impacts on procurement process when a company purchases materials or services?
Question Two
1 Mark
Explain how the procurement process is integrated with other processes within an organization.
Question Three
1 Mark
Differentiate between the general ledger, subsidiary ledgers and reconciliation accounts. Explain how they are related. Support your answer with examples.
Question Four
1 Mark
Let’s consider this scenario:
ABC Company would like to sell bicycles to two customers on credit. The sales are as follow: $2000 from Customer 1 and $1000 from Customer 2.
Prepare the T-accounts to record the sales for each customer in the accounts receivable subledger accounts and illustrate how it will appear in the general ledger accounts.
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