What documentary evidence is appropriate in attempting to determine if recorded purchase transactions are valid and prices on the vendors' invoices are correct?
A)purchase requisitions and accounts payable entries
B)purchase requisitions and purchases orders
C)receiving report and purchase orders
D)purchase orders and bid quotes

Question

Quizplus · Accepted Answer

The receiving report provides evidence that the goods were actually received, while the purchase order confirms the details of the transaction, such as the correct vendor, price, and quantities ordered. This combination of documents allows for a comparison of the invoice against what was actually received and ordered to ensure accuracy and validity of the transaction. Purchase requisitions and accounts payable entries (A) may provide some information, but they do not confirm the details of the actual purchase transaction. Purchase requisitions and purchase orders (B) provide some evidence of the transaction, but they do not have the receiving report as a key component to confirm the goods were actually received. Purchase orders and bid quotes (D) do not provide evidence that the vendor actually fulfilled the order or that the goods were received.

What Documentary Evidence Is Appropriate in Attempting to Determine If