For effective internal control over accuracy of transactions, the accounts payable department should compare the information on each vendor's invoice with the:
A)receiving report and the purchase order.
B)receiving report and the voucher.
C)vendor's packing slip and the purchase order.
D)vendor's packing slip and the voucher.

Question

Quizplus · Accepted Answer

The accounts payable department should compare the information on each vendor's invoice with the receiving report and the purchase order to ensure accuracy of transactions. This ensures that the company only pays for goods or services that were actually received and ordered. Comparing with the voucher or packing slip alone may not provide enough information to verify accuracy of the transaction.

For Effective Internal Control Over Accuracy of Transactions, the Accounts