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Accounting Information Systems

11th Edition
Ulric J. Gelinas + 3 others
ISBN: 9781337552127

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BuyFindarrow_forward

Accounting Information Systems

11th Edition
Ulric J. Gelinas + 3 others
ISBN: 9781337552127
Textbook Problem

What primary functions does the purchasing process perform? Explain each function.

Summary Introduction

To determine: The primary functions performed by the purchasing process.

Introduction:

Accounting Information System (AIS) is said to be the specialized subsystem of the Information System (IS). AIS can be used in the business events for the purpose of collecting, processing, and reporting the financial information.

Explanation

Determine the primary functions performed by the purchasing process:

Interacting structure of activities, controls, equipment, and people is said to be purchasing process. The primary functions of the purchasing process are as follows:

  • Purchasing process helps the firm to determine the amount or type of services or goods that must be ordered...

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