A payment packet:
A)reports the arrival of items purchased.
B)is sent by the purchasing department to the vendor selling the item.
C)identifies the need for merchandise and begins the purchasing process.
D)includes the invoice, receiving report and purchase order.

Question

Quizplus · Accepted Answer

A payment packet includes the invoice, receiving report, and purchase order. It is a collection of documents that are used to facilitate payment for goods or services purchased by a company. The invoice is sent by the vendor to request payment, the receiving report confirms that the items were received and accepted by the purchaser, and the purchase order is the initial request for merchandise that starts the purchasing process.

A Payment Packet