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 order does not prove that the purchase was required, as it only shows what was ordered and at what price. The purchase requisition, on the other hand, is the document that shows that the purchase was necessary and authorized.

In Regards to the Accounts Payable Department, Which Statement Is