Which document establishes an initial record of the receipt of the inventory?
A) receiving report
B) vendor's invoice
C) purchase order
D) petty cash voucher

Question

Which document establishes an initial record of the receipt of the inventory?​
A) ​receiving report
B) ​vendor's invoice
C) ​purchase order
D) ​petty cash voucher

Quizplus · Accepted Answer

A receiving report is typically used to establish an initial record of the receipt of inventory. This document is usually prepared by the receiving department and serves as evidence that goods have been received in good condition. The vendor's invoice and purchase order may also provide information about inventory receipt, but they are not specifically designed to establish an initial record of receipt. A petty cash voucher is used to record small expenditures, but it is not typically used for inventory receipt.

Which Document Establishes an Initial Record of the Receipt of the Inventory?​

Which Document Establishes an Initial Record of the Receipt of the Inventory?