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Answer 2.3:
a. In case of making purchases, the manufacturing department issues a purchase requisition to the purchase department. In the next step, the purchase department creates a purchase order and sends it to the vendor. In the third step, the purchase is recorded in the journal. It is initially a credit purchase and the vendor sends the invoice to the company. The accounts affected are accounts payable and purchases. When the goods are delivered, the purchase department sends a receiving report to the finance department and also mentions cases of any returns. ...
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