For the purchasing firm the processing of purchases and payment transactions requires all of the following functions except:
A) requisitioning goods and services.
B) preparing purchase invoices.
C) preparing the cheque requisition.
D) all of the functions are required.

Question

Quizplus · Accepted Answer

Preparing purchase invoices is typically a function of the vendor or supplier, not the purchasing firm. The purchasing firm receives the invoice for payment processing.

For the Purchasing Firm the Processing of Purchases and Payment