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Accounting information system - Admission/Application Essay Example

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The cycle involves the customers, the sales personnel the inventory clerks and the accountants who ensure that the transaction is effectively completes. It entails the customer purchase order, sales order processing and the subsequent delivery and payment for products. In this…
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Download file to see previous pages A copy of the invoice is stored in the invoice database together with a list of customers and customer orders. The sales person then prepares a delivery statement that is used to accompany the items in the invoice. A copy of the invoice and the delivery statement is forwarded to the accounts department for billing. The cash is deposited by the customer to the bank and the bank issues a statement.
The documents generated by the revenue cycle include: the customer purchase order, sales order, Invoice, delivery note and Bank statement. The Following flowchart shows how the document moves through the ...Download file to see next pagesRead More
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