Presentation1, Study notes of Auditing

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eS Suet Purcha SOR rts - » To check whether quotations are received from various suppliers. » To check whether Comparative Statements are prepared for each Purchase Order. » Match the Purchase Orders with the Purchase Requisitions in respect of quantities. » Receipt of materials is recorded through Material Receipt Note (MRN) against all Purchase Orders. » To check whether bills are passed after adequate inspection. » Quantity and Rates match with the PO » Check of bills are properly accounted in the books