A _____ is prepared when materials that have been ordered are received and inspected.
A) supplier's invoice
B) materials ledger
C) receiving report
D) materials requisition

Question

Quizplus · Accepted Answer

A receiving report, also called a goods receipt, is prepared when materials that have been ordered are received and inspected. It documents the quantity, quality, and condition of the goods received, and is used to update inventory records and initiate payment to the supplier. A supplier's invoice is a document issued by the supplier to the buyer requesting payment for goods or services provided. A materials ledger is a record-keeping system that tracks the movement of materials in and out of inventory. A materials requisition is a document used to request the transfer of materials from one location to another within an organization.

A _____ Is Prepared When Materials That Have Been Ordered