What steps are involved in the accounting portion of the procurement process?
A)Receiving the materials and the invoice
B)Creating the purchase requisition and sending payment
C)Creating and sending the purchase order
D)Creating the purchase requisition and receiving the materials
E)Receiving the invoice and sending payment

Question

Quizplus · Accepted Answer

The accounting portion of the procurement process involves receiving the invoice and sending payment. This is the step where the financial transaction is recorded and processed. The other options in the answer choices involve the creation and sending of purchase requisitions and purchase orders, as well as the receiving of materials, which are all part of the procurement process but not directly related to accounting.

What Steps Are Involved in the Accounting Portion of the Procurement