Studied feed data to the general ledger system

Assignment Help Accounting Basics

Reference no: EM131214348

Your text notes that all of the business processes we have studied feed data to the general ledger system. For each of the 5 business processes listed below: • Indicate which of the business events listed are activities within that business process (please use letters rather than descriptions of business events in your response)( they will only be used once) Business Processes 1. Purchasing 2. Billing/Accounts Receivable/Cash Receipts 3. Payroll 4. Order entry/Shipping 5. Accounts Payable/Cash Disbursements List of Business Events A. Payment is made to vendor on a purchase made on account B. Company deposits employer taxes at the bank C. Company asks for an allowance for box of broken lamps received from vendor D. Cash is received from a credit sale of merchandise E. Merchandise inventory is shipped to a customer F. Company writes off an account receivable that is deemed uncollectible G. Receiving dock employees unload goods from a vendor H. Customer sends a purchase order and our company creates a sales order I. Customer returns a sweater that is the wrong size J. Company accrues employer taxes

Reference no: EM131214348

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