The accounts payable department usually has responsibility for approving acquisitions for payment by comparing the details on the
A) vendor's invoice and the receiving report.
B) vendor's invoice and the purchase requisition.
C) purchase order, receiving report, and vendor's invoice.
D) purchase requisition, purchase order, and receiving report.

Question

Quizplus · Accepted Answer

The accounts payable department needs to compare the purchase order, receiving report, and vendor's invoice to ensure that the acquisition is valid and should be paid. Comparing only the vendor's invoice and purchase requisition (option B) or the vendor's invoice and receiving report (option A) doesn't provide a complete picture of the acquisition. Option D includes the purchase requisition, which is not typically compared by the accounts payable department - this is usually done by the purchasing department.

The Accounts Payable Department Usually Has Responsibility for Approving Acquisitions