Typically,when receiving goods in the expenditure cycle:
A)One should accept the delivery before recording goods received.
B)One should record goods received before accepting the delivery.
C)It doesn't matter whether accepting the delivery or the recording goods received comes first.
D)One should ensure that there is always an invoice attached with all goods received.

Question

Quizplus · Accepted Answer

Accepting the delivery before recording goods received ensures that the goods are physically inspected and verified against the purchase order and delivery documentation. This process helps in maintaining accurate inventory records and financial accounts.

Typically,when Receiving Goods in the Expenditure Cycle