Which document authorizes the purchase of inventory from an approved vendor?
A) purchase order
B) petty cash voucher
C) receiving report
D) vendor's invoice

Question

Quizplus · Accepted Answer

A purchase order is the document that authorizes the purchase of inventory from an approved vendor. It includes details such as the vendor's name, the items being purchased, the quantity, and the price. Petty cash vouchers are used for small cash transactions, receiving reports document the receipt of goods, and vendor's invoices bill the purchaser for the goods received.

Which Document Authorizes the Purchase of Inventory from an Approved