Nice Lawn Purchase Narrative
Nice Lawn needs to purchase more copper to make lawn ornaments. Nice Lawn creates an order sends it to the copper vendor online. When Nice Lawn receives the copper shipment, the receiving department verifies the order is correct. The copper is recorded on the receiving report and in the accounting system. Nice Lawn receives a bill. The bill is cross checked with the purchase order and the receiving report; then entered into the accounting system.
-The Nice Lawn Purchase Narrative includes how many components of the purchasing cycle?

Question

Quizplus · Accepted Answer

The Nice Lawn Purchase Narrative includes three components of the purchasing cycle: ordering, receiving, and invoicing. The fourth component, payment, is not mentioned in the narrative.