In a system of good internal control, a payment to a supplier requires which documents for proper approval?
A)A receiving report, an invoice, and a purchase order
B)A purchase order, a journal entry, and a price catalog
C)A supplier invoice, a bill of lading, and the supplier's financial statements
D)A journal entry, a supplier invoice, and a description of the goods being purchased

Question

Quizplus · Accepted Answer

A receiving report, an invoice, and a purchase order are essential documents in a system of good internal control to ensure that the goods were ordered, received, and billed correctly before making a payment to a supplier.

In a System of Good Internal Control, a Payment to a Supplier