The documents which accounts payable should use to verify a purchase transaction are
A) purchase requisition, receiving report, and invoice.
B) receiving report and purchase order.
C) invoice, purchase requisition, and purchase order.
D) purchase requisition, invoice, receiving report, and purchase order.

Question

Quizplus · Accepted Answer

The correct documents to verify a purchase transaction include the purchase requisition (which initiates the purchase), the invoice (which is the bill from the supplier), the receiving report (which confirms the goods were received), and the purchase order (which is the official order placed with the vendor). These documents together ensure that what was ordered, received, and billed matches, providing a comprehensive verification process.

The Documents Which Accounts Payable Should Use to Verify a Purchase