Which of the following statements concerning the procurement process are TRUE? a. Vendor billing is one of the steps. b. Only one FI document is created. c. Goods receipt is one of the steps. d. The send payment step involves creation of an FI document. e. Two material documents are created.

Question

Business

Serena Orr

18 October, 19:01

Which of the following statements concerning the procurement process are TRUE? a. Vendor billing is one of the steps. b. Only one FI document is created. c. Goods receipt is one of the steps. d. The send payment step involves creation of an FI document. e. Two material documents are created.

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Answers (1)

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Doyle · Answer 1

a. Vendor billing is one of the steps.

c. Goods receipt is one of the steps

d. The send payment step involves creation of an FI document

Explanation:

The procurement includes the billing of the vendor, that is to negociate with suppliers for the price and accept the agrements made. Then we are going to receive the goods and check if they fulfil the quantity and quality requested.

Finally, the procurement department will pay the supplier. The FI document stands for the accounting entry to record transactions into the accounting