The accounts payable department usually has responsibility for verifying the propriety of acquisitions by comparing the details on the:
A) vendor's invoice and the purchase requisition.
B) purchase requisition, purchase order, and receiving report.
C) vendor's invoice and the receiving report.
D) purchase order, receiving report, and vendor's invoice.

Question

Quizplus · Accepted Answer

The most accurate way to verify the propriety of acquisitions is to compare the details on the purchase order, receiving report, and vendor's invoice. This allows for a three-way matching process to ensure that the goods or services were received, the invoice matches the purchase order, and that the price and terms are correct.

The Accounts Payable Department Usually Has Responsibility for Verifying the Propriety