Company has three employees who work in the warehouse

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For each of the following documents, describe its purpose, the functional area preparing it, and the key data included: I. Purchase Requisition Form II. Purchase Order Form III. Receiving Report IV. Supplier’s Invoice V. Sales order VI. Bill of lading, VII. Credit memo b) The Soap Manufacturing Company has three employees who work in the warehouse. All of the warehouse workers are authorized to order inventory when it falls below the reorder level. The workers complete a purchase order and mail it to the supplier of their choice. The inventory is delivered directly to the warehouse. The workers send a memo to accounts payable reporting the receipt of inventory. Accounts payable compares the warehouse memo to the supplier’s invoice. Accounts payable prepares a check which the treasurer signs. Describe at least five needed internal control improvements.

Reference no: EM131289319

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