Asked by Nelli Vartanian on Jun 29, 2024
Verified
A receiving report is used to notify the company of the quantity and condition of the goods received.
Receiving Report
A document used in businesses to record the receipt of goods from a supplier, detailing quantities and condition of the items.
- Comprehend the processes and documentation required for purchasing, receiving, and approving payments in the bookkeeping system.
Verified Answer
ZK
Zybrea KnightJul 03, 2024
Final Answer :
True
Explanation :
A receiving report is a document used by companies to record the receipt of goods from suppliers, noting their quantity and condition upon arrival.
Learning Objectives
- Comprehend the processes and documentation required for purchasing, receiving, and approving payments in the bookkeeping system.