Which one of the following statements about the goods receipt step in the procurement process is TRUE?
A)No FI or material documents are created.
B)One material document is created,but no FI documents are.
C)One FI document created,but no material documents are.
D)Both FI and material documents are created.
E)None of the above

Question

Quizplus · Accepted Answer

The goods receipt step in the procurement process usually involves both the creation of a material document and an FI document. The material document records the physical receipt of goods in the warehouse or inventory, while the FI document records the financial aspects of the transaction, such as inventory valuation and accounts payable. Therefore, D is the correct answer.

Which One of the Following Statements About the Goods Receipt