Which of the following statements describes a receiving report?

A. It is a report showing that the goods have been received in good condition, as ordered.

B. It is a statement from the supplier showing the goods purchased and the amount due.

C. It is an order to purchase goods irom a supplier.

D. It is a document authorizing a payment to a supplier.

Solutions

Expert Solution

Answer:

Option A

Explanation:

Receiving report refers to a report or a document that shows the quantity of goods that have been received from the supplier.

Further, it shows that the goods are in good condition as they were ordered.

It is used by Accounts Payable department to pay to the supplier. It is not an order to purchase goods or a document authorizing the payment.

Hence, option A is correct and rest all are incorrect.

In case of any doubt, please comment.

ekkarill92 answered 1 year ago

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