What are the Vendor transactions related to inventory purchases that QBO records (listed in the proper order)?
A)Placing product orders,paying bills,and receiving products.
B)Placing product orders,receiving products,and paying bills.
C)Placing product orders,reconciling account detail to a physical count,and paying bills.
D)Placing project orders,invoicing products,and receiving customer payments.

Question

Quizplus · Accepted Answer

The correct order of Vendor transactions related to inventory purchases is to first place the product orders, then receive the products, and lastly pay the bills. Therefore, option B is the correct choice. Option A is incorrect as paying bills should only be done after the products are received, and option C is incorrect as reconciling account detail to a physical count is a different process altogether. Option D is unrelated to inventory purchases and instead pertains to invoicing and receiving customer payments.

What Are the Vendor Transactions Related to Inventory Purchases That