PURCHASES

6 or more

5

4

3

2

1

Assigned To

To record new vehicle purchases from manufacturer and new vehicle exchanges or transfers between dealerships of like franchise:

Assign stock numbers, prepare and file Vehicle Inventory Records, prepare liens as required and file invoices

D

D

D

B

A

A

Record purchases in the Purchase Journal

D

D

D

B

A

A

To record all other purchases:

Verify prices and extensions, determine that purchases were properly authorized and receipt of merchandise properly indicated by a responsible manager, and code by account number or record on voucher envelopes as necessary

F

B

B

A

A

A

Record in Purchase Journal

F

B

B

B

A

A

Accounts payable, warranty claims credits and new vehicle inspection credits

F

B

B

B

A

A

All other, as necessary

A

A

A

A

A

A