Listed below are steps of purchasing and receiving materials:
1) The receiving clerk prepares a receiving report.
2) Purchase requisitions are prepared to notify the purchasing agent that additional materials are needed.
3) The purchase of merchandise is recorded by the accounting department.
4) The purchasing agent completes a purchase order.
In which order would these events typically happen?

Question

Quizplus · Accepted Answer

The storeroom keeper will prepare a purchase requisition to notify the purchasing agent that additional materials are needed. The purchasing agent will then complete a purchase order and send it to the vendor. When the goods are received, the receiving clerk will prepare a receiving report which is compared to the vendor's invoice and the purchase order. At that time, the accounting department will record the purchase of the inventory items in the general ledger.

Listed Below Are Steps of Purchasing and Receiving Materials