Which of the following correctly lists the correct chronological order of data flow in the fixed asset acquisitions process?
A)Prepare requisition, approve purchase, receive goods, prepare purchase order
B)Prepare purchase order, prepare requisition, receive goods, approve purchase
C)Prepare purchase order, prepare requisition, approve purchase, receive goods
D)Prepare requisition, approve purchase, prepare purchase order, receive goods

Question

Quizplus · Accepted Answer

The correct chronological order for the data flow in the fixed asset acquisitions process is: Prepare requisition (request for the purchase), approve purchase (authorization of the purchase), prepare purchase order (official order to the vendor), and finally, receive goods (receipt of the ordered assets).

Which of the Following Correctly Lists the Correct Chronological Order