The matching of a purchase order to the related receiving report and invoice is known as:
A)Three-way match
B)Document matching
C)Automated matching
D)Disbursement authorization

Question

Quizplus · Accepted Answer

The matching of a purchase order to the related receiving report and invoice is known as a Three-way match, which verifies correct receipt of goods or services, correct pricing, and correct quantities. This is a standard process in most organizations to ensure accurate payment of invoices and avoid fraudulent activities. Document matching and automated matching are also part of the three-way matching process. Disbursement authorization is a separate process that involves approval of payment before funds can be released.

The Matching of a Purchase Order to the Related Receiving