International Journal of Advanced Engineering Research and Science (IJAERS) Peer-Reviewed Journal ISSN: 2349-6495(P) | 2456-1908(O) Vol-9, Issue-1; Jan, 2022 Journal Home Page Available: https://ijaers.com/ Article DOI: https://dx.doi.org/10.22161/ijaers.91.7 www.ijaers.com Page | 53 Purchases of goods and services, personnel and debt payable Pereira, Adalmiro 1 , Vaz, Angela 2 , Silva, Eduardo 1 1 Management, ISCAP-PPorto, CEOS member, Porto, Portugal 2 U. VIGO, PhD student, Vigo, Spain; Management, ISCAP-P Porto Received: 15 Nov 2021, Received in revised form: 25 Dec 2021, Accepted: 07 Jan 2022, Available online: 16 Jan 2022 ©2022 The Author(s). Published by AI Publication. This is an open access article under the CC BY license (https://creativecommons.org/licenses/by/4.0/). Keywords— Accounting Standardization System; Control Suppliers Credit; Purchases Record; Suppliers Audit Abstract— With the implementation of the Accounting Standardization System in Portugal (SNC), the area of purchases and payables started to be approached according to a new aspect, with the audit procedures assuming a crucial importance. This work seeks to study this area as well as point out the main points of attention in auditing or tests to be carried out. I. PURCHASES OF GOODS AND SERVICES, PERSONNEL AND DEBT PAYABLE (ACCOUNTING) The main 1st degree accounts of the SNC that have to do with this audit area are as follows: • 31 – purchases • 62 - external supplies and services • 63 – personnel expenses • 22 – suppliers • 23 – staff • 25 – financing obtained • 69 – financing expenses and losses The scope of these accounts is as follows: The purpose of account 31 – purchases is to record the cost of acquiring raw materials and provisionable goods for consumption or sale, regardless of whether the supplier's invoices have reached the company or not. According to NCRF18 - inventories "the costs of purchasing inventories include the purchase price, import duties and other taxes (other than those subsequently recoverable from tax entities by the entity) and costs of transport, handling and other directly attributable costs acquisition of goods, materials and services. Commercial discounts, rebates and other similar items must be deducted in determining purchase costs" With regard to expenses, it is necessary to comply with the provisions of the Conceptual Framework, in its paragraphs 76 and 77: “76—The definition of expenses encompasses losses as well as those expenses that result in the course of the entity's current (or ordinary) activities. Expenses that result from the ordinary activities of the entity include, for example, the cost of sales, salaries and depreciation. They generally take the form of an outflow or depletion of assets such as cash and cash equivalents, inventories and property, plant and equipment. 77 — Losses represent other items that meet the definition of expenses and may or may not arise in the course of the entity's ordinary activities. Losses represent decreases in economic benefits and as such are in their nature no different from other expenses. Hence they are not seen as a separate element in this Conceptual Framework.”