The correct statement in relation to purchase requisitions is:
A) all purchase requisitions in the organization should originate from the warehouse.
B) all managers in the organization should be able to sign a requisition order.
C) the purchase requisition represents the start of the trail of documentary evidence in support of management's assertion as to the occurrence of the purchase transaction.
D) all of the above

Question

Quizplus · Accepted Answer

The purchase requisition represents the start of the trail of documentary evidence in support of management's assertion as to the occurrence of the purchase transaction. This means that all purchase requisitions should be properly documented and traced as evidence for the purchase. A is incorrect because purchase requisitions can come from different departments or individuals depending on the organization's structure. B is incorrect because not all managers may have the authority or responsibility to sign a requisition order.

The Correct Statement in Relation to Purchase Requisitions Is