Which of the Following Is a Good Receiving Practice

question 14

Multiple Choice

Which of the following is a good receiving practice?

• A) All deliveries should be checked for external damage.
• B) The quality of items delivered should be verified.
• C) An invoice should be used to verify each delivery.
• D) All of the above.

---

Definitions:

Accounting Records

Documentation and books that systematically record all financial transactions of an entity, providing a basis for financial reporting.

Bank Errors

Mistakes made by a bank in the accounting records or transactions related to a customer's account.

Bank Reconciliation

Bank reconciliation is a process that matches the balance on a company’s books to the corresponding amount on its bank statement, confirming that figures are correct and in agreement.

Accounting Records

Financial documents and files that systematically record all monetary transactions of an entity.