Immediate preparation of receiving reports for all actual receipts of goods helps to minimize the risk of:
A)Timing issues
B)Omitted transactions
C)Invalid purchases
D)All of the above

Question

Quizplus · Accepted Answer

Immediate preparation of receiving reports for all actual receipts of goods helps to minimize the risk of timing issues, omitted transactions, and invalid purchases. By having an accurate record of all goods received, a company can ensure that purchases are valid, transactions are not omitted, and timing issues like delays or incorrect dates can be addressed in a timely manner. Therefore, D is the best choice.

Immediate Preparation of Receiving Reports for All Actual Receipts of Goods