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Author Question: Usually the supplier will give the buyer permission to correct the invoice for any discrepancies in ... (Read 63 times)

neverstopbelieb

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Question 1

Which of the following would be the best control to prevent receiving department employees from stealing inventory and claiming the ordered quantity wasn't received from the vendor?
◦ Reconcile quantity on packing slip to physical count when accepting delivery.
◦ Restrict physical access to the receiving area.
◦ Require all deliveries be made at the receiving area.
◦ Require dual signatures on the move ticket when receiving delivers the inventory to the warehouse.

Question 2

Usually the supplier will give the buyer permission to correct the invoice for any discrepancies in quantity. In the case of damaged or poor-quality goods, a document called a(n) ________ is prepared after the supplier agrees to take back the goods or to grant a price reduction.
◦ credit memo
◦ debit memo
◦ adjustment memo
◦ return memo


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Marked as best answer by neverstopbelieb on Apr 8, 2019

catron30

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neverstopbelieb

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Reply 2 on: Apr 8, 2019
Excellent


31809pancho

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Reply 3 on: Yesterday
:D TYSM

 

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