Which department maintains copies of purchase orders and receiving reports so that the documents can be compared before the accounting records are updated?
A)Receiving
B)Accounts Payable
C)Cash Disbursements
D)Warehouse

Question

Quizplus · Accepted Answer

Accounts Payable is responsible for maintaining copies of purchase orders and receiving reports in order to ensure that the accounting records are accurate and up to date. By comparing these documents, they can verify that the goods or services were received as ordered and that the appropriate payments are being made. The other departments listed (Receiving, Cash Disbursements, and Warehouse) may be involved in the purchasing process, but they do not typically maintain these records.

Which Department Maintains Copies of Purchase Orders and Receiving Reports