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

Question

Quizplus · Accepted Answer

It is the responsibility of the accounts payable department to make sure that the vendor's invoice matches the purchase order and the receiving report before processing payment. The warehouse receiving function is responsible for physically receiving and inspecting the goods, while the purchasing function is responsible for creating the purchase order. The treasury function is responsible for managing cash and investments.

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