AUE1501 ASSIGNMENT 2 SEMESTER 1

AUE1501 ASSIGNMENT 2 SEMESTER 1 qwertyuiopasdfghjklzxcvbnmqwerty uiopasdfghjklzxcvbnmqwertyuiopasd fghjklzxcvbnmqwertyuiopasdfghjklzx cvbnmqwertyuiopasdfghjklzxcvbnmq wertyuiopasdfghjklzxcvbnmqwertyui opasdfghjklzxcvbnmqwertyuiopasdfg hjklzxcvbnmqwertyuiopasdfghjklzxc vbnmqwertyuiopasdfghjklzxcvbnmq wertyuiopasdfghjklzxcvbnmqwertyui opasdfghjklzxcvbnmqwertyuiopasdfg hjklzxcvbnmqwertyuiopasdfghjklzxc vbnmqwertyuiopasdfghjklzxcvbnmq wertyuiopasdfghjklzxcvbnmqwertyui opasdfghjklzxcvbnmqwertyuiopasdfg hjklzxcvbnmrtyuiopasdfghjklzxcvbn mqwertyuiopasdfghjklzxcvbnmqwert yuiopasdfghjklzxcvbnmqwertyuiopas dfhjklbidfhjklUNIQUE ASSIGNMENT NO : STUDENT NO : Charity Nombulelo Sizane This study source was downloaded by from CourseH on :34:16 GMT -05:00 QUESTION 1 Part A: Functions and Activities There are various functions and activities within each function of the accounting system for various cycles. 1.1 List the seven main functions in the accounting system for credit sales and receipt transactions with a brief description of each. Order department As the name suggests, the order department is responsible for receiving orders from customers and setting in motion the filling of the order. This will involve instructing the warehouse department to select the items ordered from the stores so that the items can be despatched to, or picked up by, the customer. Warehouse/despatch * The warehouse/despatch function is required to select the goods to be sent to the customer in terms of the ISO/picking slip. (In multipart stationery, the second copy of the ISO can be headed “picking slip”). This function will also be responsible for controlling the removal of The goods from the warehouse to the despatch area for delivery to, or collection by, the customer (i.e. the goods should be signed out of the custody section of the warehouse and into the despatch section). Invoicing * The objective of invoicing is to notify the customer promptly of the amount due Recording of sales and raisi