1. The packing list is part of the invoice receipt step in the Purchasing Process.
2. The packing list is part of the receive goods step in the Purchasing Process.
3. A three-way match is necessary before payment is made.
4. A packing list is associated with the warehouse in the procurement process.
5. A packing list is associated with accounting in the procurement process.
6. An invoice is associated with accounting in the procurement process.
7. An invoice is associated with purchasing in the procurement process.
8. A purchase order is associated with purchasing in the procurement process.
9. A purchase order is associated with sales in the procurement process.
10. A purchase requisition is associated with purchasing in the procurement process.
11. A purchase requisition is associated with the warehouse in the procurement
process.
12. A purchase requisition is a commitment to purchase the specified quantity of the
specified material.
13. A purchase order is a commitment to purchase the specified quantity of the
specified material.
14. A purchase requisition is a document that identifies the material needed, the
quantity needed, and the date it is needed.
15. A purchase order is a document that identifies the material needed, the quantity
needed, and the date it is needed.
16. A goods receipt is a document that verifies that the specified goods have been
received.
17. An invoice is a document that verifies that the specified goods have been received.
18. A packing list is a document that provides details about the materials contained in
19. A purchase order is a document that provides details about the materials contained
in the shipment.
20. One purchase requisition can be converted to more than one purchase order.
21. One purchase requisition can be converted to only one purchase order.
22. Under the term “FOB shipping point,” the buyer “owns” the material once it is
shipped.
23. Under the term “FOB shipping point,” the seller “owns” the material once it is
shipped.