ICAEW ARF · Chapter 5 · Question 6 of 11
In a purchases system, which three documents are typically matched before a supplier invoice is approved for payment?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: A) The purchase order, the goods received note and the supplier invoice
Explanation
Matching the purchase order, the goods received note and the supplier invoice confirms that the goods were authorised, actually received, and invoiced at the agreed price and quantity. The other combinations involve documents relating to payment, sales, or recording rather than approval of the invoice.
More Controls over revenue and purchases MCQs
- Q8Which control best reduces the risk of payments being diverted by changing a supplier's bank details?
- Q9At the year end, a company reviews all goods received notes that have not yet been matched to supplier invoices and accrues for them…
- Q10Which of the following controls does NOT help to ensure the completeness of trade payables?
- Q11Which control best reduces the risk of a supplier invoice being paid twice?
- Q1Which control best reduces the risk of sales being made to customers who are unlikely to pay?