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10
40
I
50
03
Accounts Payable Questionnaire (cont'd)
5.
How often are checks written?
6.
What is present form of checks, voucher, and remittance advice? Attach sample ..
7.
Are discounts computed at check-writing time?
If
not, when?
#
8.
Is a check register required?
9.
Are certain checks written daily?
'If
so, estimate number.
DISTRIB UTION
1.
Which accounts receive greatest number of distributions?
2.
How many income and expense accounts are kept? How many divisions are used?
3.
How many controlling accounts? Identify each.
4.
What department or person is responsible for
AI
C distribution of invoice?
5.
Is apron or rubber stamp used?
6.
What percent of invoices contain items chargeable to different income and expense accounts?
7.
Is distribution made directly from invoice? At checkwriting time?
8.
How much detail in distribution record?
9.
How many items other than invoices (e. g., journal vouchers) are distributed each month?
10. What is cutoff date?
11. When is trial balance secured?
12. How is trial balance secured?
MISCELLANEOUS
1.
Is obligation record required?
2.
Is purchase journal available? How prepared?
3.
Is vendor control card required?
4.
Total purchases-to-date by vendor required?
5.
Do you, or will you, use group processing method?
6.
Do you, or will you, use balance-forward method?
7.
Are expenditures compared against budget?
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