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)Receiving reports and purchase orders.
C)Purchase requisitions and purchases orders.
D)Purchase orders and bid quotes.

Question

Quizplus · Accepted Answer

Receiving reports and purchase orders serve as appropriate documentary evidence in attempting to determine if recorded purchase transactions are valid and prices on the vendors' invoices are correct. Receiving reports confirm that the goods were received, and purchase orders state the terms of the purchase, including pricing. Purchase requisitions and accounts payable entries only provide information on the intent to purchase and recording of the transaction, respectively, but do not confirm the validity or pricing. Purchase orders and bid quotes only provide pricing information without confirming the validity of the transaction.

What Documentary Evidence Is Appropriate in Attempting to Determine If