what controls would have to be put in place so that any credit/ or discounts due from the supplier are claimed

Question

THIS QUESTION IS ABOUT THE EVALUATION OF CONTROLS FOR PURCHASES AND CREDITORS. IT IS BASICALLY ABOUT ACCURACY AND HOW PURCHASES CAN BE WRONGLY STATED, AND WHAT CONTROLS NEED TO BE IN PUT TO SORT THE PURCHASES OUT.

Answer 1

I pay by the 10th to get 2%, checks I have to be sure I mail in plenty of time for the vendor to get deposited into his account.
Dates are usually on the invoice I receive.