Match each term to its definition.
-Receiving Report
A)Sent by the vendor after the inventory has been shipped to the purchaser.
B)Sent to the vendor when goods are ordered.
C)Prepared by the purchaser when the goods are received.
D)Sent to the vendor after all approving documents have been submitted.

Question

Quizplus · Accepted Answer

A receiving report is a document prepared by the purchaser when goods are received. It provides details about the goods received, such as quantity, description, and condition.

Option A: This refers to a shipping notice or a delivery confirmation sent by the vendor after the inventory has been shipped to the purchaser.
Option B: This refers to a purchase order, which is sent to the vendor when goods are ordered.
Option D: This refers to an invoice, which is sent to the vendor after all approving documents have been submitted.

Match Each Term to Its Definition