An enterprise resource planning (ERP) system would:
A)Update both accounts receivable and inventory when purchased goods are received from a vendor.
B)Update both accounts payable and accounts receivable when inventory purchased from a vendor is received.
C)Update both accounts payable and sales when purchased goods are received from a vendor.
D)Update both accounts payable and inventory when purchased goods are received from a vendor.

Question

Quizplus · Accepted Answer

An ERP system would update both accounts payable and inventory when purchased goods are received from a vendor. This is because the inventory is being added to the company's assets, which affects the balance sheet, and the accounts payable account is increasing because the company owes the vendor money for the goods received. There is no reason for the system to update accounts receivable or sales because these transactions do not involve the company selling goods to customers.

An Enterprise Resource Planning (ERP) System Would