What evidence is appropriate to determine whether recorded purchase transactions are valid and the vendors charged the correct prices?
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 provide evidence of the goods received and the prices that were agreed upon. Purchase requisitions only show that a request was made, while accounts payable entries and bid quotes do not provide evidence of the actual transaction.

What Evidence Is Appropriate to Determine Whether Recorded Purchase Transactions