Asked by Maria Clara on May 14, 2024
Verified
authorizes the purchase of inventory from an approved vendor
A)Receiving report
B)Vendor's invoice
C)Purchase order
Purchase Order
A document issued by a buyer to a seller, indicating types, quantities, and agreed prices for products or services.
Inventory Control
The management practice of overseeing and regulating the ordering, storing, and use of components that a company uses in the production of the items it sells.
Approved Vendor
A supplier who has been vetted and meets a company's criteria for quality, reliability, and business ethics, and is thus authorized to supply goods or services.
- Identify and understand the documents used for inventory control and their specific uses.
Verified Answer
AT
Learning Objectives
- Identify and understand the documents used for inventory control and their specific uses.