Once the company receives the inventory, it prepares a(n) ________ to list the goods received.
A) invoice
B) purchase approval form
C) receiving report
D) EFT transfer

Question

Quizplus · Accepted Answer

A receiving report is a document that is prepared when a company receives inventory. It lists the details of the goods that have been received, such as the quantity, description, and condition of the items. The receiving report is an important document that helps the company keep track of its inventory and facilitates the payment process with the supplier.

Once the Company Receives the Inventory, It Prepares A(n) ________