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Which type of financial audit voucher certifies that goods ordered have been received in proper quantity and acceptable quality?

AVendor Invoice
BReceiving Report (Goods Received Note)
CPayment Voucher
DPurchase Order

Explanation

* Receiving Report (Goods Received Note / GRN) verifies actual physical delivery of items, quantities, and condition.
* Three-way matching audit procedure compares Purchase Order, GRN, and Vendor Invoice before issuing payment.

Exam Relevance
  • Topic: Auditing
  • Subtopic: Audit Vouchers & Evidence
Submitted by: mcqstutor Team More Finance & Accounting MCQs →

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