Name: Score:
Part I (Identification) STRICTLY NO ERASURE
____________________________1. A prenumbered document prepared at the time the tangible goods are received that indicates the description of goods, the quantity received, the date received, and other relevant data.
____________________________2. A prenumbered document to establish a formal means of recording and controlling acquisitions prepared by a payables clerk for each payment. A vendor’s invoice, receiving report, and purchase order attached to it.

____________________________3. A prenumbered document that originates in the inventory stockroom or an operating department and indicates to the purchasing department that goods should be ordered.
____________________________4. A document that indicates the description and quantity of goods and services received, price, including freight, cash discount terms, and date of billing.

____________________________ 5. A prenumbered document recording the description, quantity, and related information for goods and services the company intends to purchase. This document is frequently used to indicate authorization to procure goods and services.
Part II
Instruction: Write PABEBE if the misstatement in the Expenditure Cycle: Acquisition, PABIBI if the misstatement in the Expenditure Cycle: Cash Disbursement and PABEBI if it is Both

____________1. Error in recording purchase transaction.
____________2. Duplicate recording of purchases.
____________3. Unrecorded disbursements.
____________4. Inaccurate recording of a purchase or disbursement.
____________5. Late recording of cost of purchases.

Part III (Identification)
____________________________1. Recorded acquisitions are the entity’s purchases and liabilities.