Step Five in the acquisition/payment process outlined in the text is completed by the ___A. Accounting.

Question

Quizplus · Accepted Answer

The accounting department is responsible for completing the fifth step in the process, which involves recording the transaction in the company's financial records and processing payment to the vendor. The purchasing department is responsible for the first two steps (identifying the need for a product and selecting a vendor), the receiving department is responsible for the fourth step (verifying that the goods or services have been received), and the warehouse department is responsible for the third step (storing or stocking the goods).

Step Five in the Acquisition/payment Process Outlined in the Text