Matching the vendor's invoice, the purchase order, and the receiving report normally should be the responsibility of the:
A) treasury function.
B) warehouse receiving function.
C) purchasing function.
D) accounts payable department.

Question

Quizplus · Accepted Answer

Matching the vendor's invoice, the purchase order, and the receiving report is typically the responsibility of the accounts payable department, as they are responsible for ensuring that the company is paying the correct vendor for the correct goods or services received. The treasury function typically oversees cash management and forecasting, the warehouse receiving function is responsible for physically receiving and storing goods, and the purchasing function is responsible for selecting and negotiating with vendors.

Matching the Vendor's Invoice, the Purchase Order, and the Receiving