In regards to the accounts payable department,which statement is not true?
A) the purchase requisition shows that the transaction was authorized
B) the purchase order proves that the purchase was required
C) the receiving report provides evidence of the physical receipt of the goods
D) the supplier's invoice indicates the financial value of the transaction

Question

Quizplus · Accepted Answer

The purchase requisition proves that the purchase was required, while the purchase order shows that it was authorized. The receiving report provides evidence of the physical receipt of the goods, and the supplier's invoice indicates the financial value of the transaction. Therefore, option B is not true as a purchase order does not prove the purchase was required - it only authorizes it.

In Regards to the Accounts Payable Department,which Statement Is Not