Upon the receipt of goods, _______.
A)the purchaser should match the goods shipped per the receiving report, to the purchase order, and advanced shipping notice (ASN)
B)the purchaser should match the goods received per the receiving report, to the purchase order, and advanced shipping notice (ASN)
C)the client should immediately debit the payable account and credit the cash account
D)the client should accrue a related receivable

Question

Quizplus · Accepted Answer

Upon the receipt of goods, the purchaser should match the goods received per the receiving report to the purchase order and advanced shipping notice (ASN) to ensure that the goods received are in accordance with the order placed. This helps to prevent discrepancies and identify any issues that may arise with the shipment. Option A is incorrect because the goods received should be matched to the purchase order and ASN, not shipped. Option C is incorrect because no payment has been made yet. Option D is incorrect because the client is receiving goods, not providing them.

Upon the Receipt of Goods, _______