The receiving report is used to
A)accompany physical inventories to the storeroom or warehouse
B)advise the purchasing department of the dollar value of the goods delivered
C)advise general ledger of the accounting entry to be made
D)advise the vendor that the goods arrived safely

Question

Quizplus · Accepted Answer

The receiving report is a document that accompanies the physical receipt of goods in the warehouse or storeroom. It provides details such as the quantity and condition of the goods received, and it is used to reconcile the inventory records. It is not used to advise the purchasing department, general ledger, or the vendor.

The Receiving Report Is Used to