A receiving report serves as the source document for recording materials received in both a materials ledger card and in the general ledger.

Question

Quizplus · Accepted Answer

A receiving report is a source document that provides information on materials received, including quantity, quality, and source. This information is used to record the receipt of materials in both the materials ledger card and the general ledger. Therefore, the statement is true.

A Receiving Report Serves as the Source Document for Recording