The Supplier Invoice Should Be Matched with the Purchase Order

question 133

True/False

The supplier invoice should be matched with the purchase order and receiving report prior to preparing a cheque for payment.

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Definitions:

Predominates

To be the strongest or main element; to have greater importance or weight than other factors.

Validity

The state of being logically sound, legally binding, or effectively enforceable, often used in the context of contracts, arguments, or empirical research.

Contract Value

The total financial worth involved in a contract, comprising all revenues, costs, and other financial benefits agreed upon between the parties.

Common Law

A legal system based on precedent and customs rather than written statutes.