Supplier invoices are matched with which of the following?

Supplier invoices are matched with which of the following?

• A. Purchase order price and received quantity
• B. Estimated costs and expected revenues
• C. Market price and competitor pricing
• D. Projected inventory levels and purchase orders

Answer: (A)

Supplier invoices are matched with the purchase order price and received quantity to ensure that the invoiced amounts align with what was originally agreed upon when the order was placed. This matching process is a key step in accounts payable as it helps to verify that the invoice reflects the correct price for the goods or services received and that the quantities billed match those that were actually received. By effectively matching the invoice to the purchase order and verifying the received quantity, organizations can control costs, prevent overpayments, and maintain accurate financial records. This process not only aids in maintaining the integrity of financial reporting but also strengthens relationships with suppliers through timely and accurate payments.

Supplier invoices are matched with the purchase order price and received quantity to ensure that the invoiced amounts align with what was originally agreed upon when the order was placed. This matching process is a key step in accounts payable as it helps to verify that the invoice reflects the correct price for the goods or services received and that the quantities billed match those that were actually received.

By effectively matching the invoice to the purchase order and verifying the received quantity, organizations can control costs, prevent overpayments, and maintain accurate financial records. This process not only aids in maintaining the integrity of financial reporting but also strengthens relationships with suppliers through timely and accurate payments.