Which of the Following Is the First Step in the Purchasing

question 127

Multiple Choice

Which of the following is the first step in the purchasing and payment process?

• A)The supplier ships the goods and sends an invoice to the purchaser.
• B)The purchaser sends a check to the supplier.
• C)The purchaser sends a purchase order to the supplier.
• D)The purchase receives the inventory and prepares a receiving report.

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Definitions:

Income Statement

A financial statement that shows a company's revenue, expenses, and net income or loss over a specific period.