Matching the Supplier's Invoice, the Purchase Order, and the Receiving

question 85

Multiple Choice

Matching the supplier's invoice, the purchase order, and the receiving report prior to preparing the voucher would normally be the responsibility of the

• A) warehouse receiving function.
• B) purchasing function.
• C) general accounting function.
• D) treasury function.

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Definitions:

U.S. Dollar

A major global currency issued by the United States, commonly used in international financial transactions and as a reserve currency.

Arbitrageurs

Traders who attempt to profit by exploiting price differences of identical or similar financial instruments on different markets or in different forms.

Exchange Rate

The price of one currency in terms of another currency for conversion.

Currency

A system of money in general use in a particular country or region, serving as a medium of exchange, unit of account, and store of value.