BUSINESS FUNCTIONS IN THE CYCLE AND RELATED DOCUMENTS AND RECORDS e Processing Purchase Orders Purchase Requisition Purchase order Receiving goods and Services Recognizing the liability Acquisitions Journal Summary Acquisitions report Vendor 's invoice Debit memo Voucher Accounts Payable master file Accounts Payable Trial Balance Vendor's statement Check Arens, Loebbecke, Auditing, &/E I Cash Disbursements Journal @2000 Prentice hall. IncArens, Loebbecke; Auditing, 8/E ©2000 Prentice Hall, Inc. BUSINESS FUNCTIONS IN THE CYCLE AND RELATED DOCUMENTS AND RECORDS  Processing Purchase Orders Purchase Requisition Purchase Order  Receiving Goods and Services  Recognizing the Liability  Acquisitions Journal  Summary Acquisitions Report  Vendor’s Invoice  Debit Memo  Voucher  Accounts Payable master file  Accounts Payable Trial Balance  Vendor’s Statement  Check  Cash Disbursements Journal