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 reportB) ​vendor's invoiceC) ​purchase orderD) ​petty cash voucher

Chrissy possi · Accepted Answer

Final Answer : A, Explanation :  The receiving report is a document that establishes an initial record of the receipt of inventory. It is created by the receiving department and lists the items received, quantities, and any discrepancies or damages. The vendor's invoice is a document that outlines the cost of the goods or services purchased, but it does not establish receipt of the inventory. The purchase order is a document that initiates the purchase, but it does not document receipt of the inventory. The petty cash voucher documents petty cash transactions, but it is not relevant to inventory receipt.

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

Definitions

Learning Objectives

Learning Objectives

Related questions

Which document establishes an initial record of the receipt of the inventory?​A) ​receiving reportB) ​vendor's invoiceC) ​purchase orderD) ​petty cash voucher

Definitions

Learning Objectives

Learning Objectives

Related questions

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