The overall objective of the purchasing phase in the expenditure cycle is to:
A)Procure the right goods at the right amount and with the right price
B)Procure the right goods at the right amount and with the right supplier
C)Procure the right goods at the right amount,and to receive those goods at the right time
D)Procure the right goods at the right amount,and to update the accounts payable record

Question

Quizplus · Accepted Answer

The purchasing phase aims to ensure that the organization receives the necessary goods in the correct quantities and at the appropriate time to meet operational needs.

The Overall Objective of the Purchasing Phase in the Expenditure