When Goods Are Received,the Receiving Clerk Should Match the Goods

question 47

Multiple Choice

When goods are received,the receiving clerk should match the goods with the

• A)Purchase order and the requisition form.
• B)Vendor's invoice and the receiving report.
• C)Vendor's shipping document and the purchase order.
• D)Receiving report and the vendor's shipping document.

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Definitions:

Secured Unperfected Creditor

A creditor that has a security interest in the debtor's property but has not completed all legal steps or filings to perfect the claim.

Financing Statement

A document filed to give public notice of a secured party's interest in the debtor's collateral.

Security Interest

A legal claim or right granted over assets to secure the performance of an obligation, usually repayment of a loan.

Secured Party

An entity that holds an interest in a secured transaction, typically having a claim to a debtor's collateral in case of default.