In a three-way match before paying a supplier invoice, which documents are agreed to each other?
Answer and explanation
Correct answer: C. The purchase order, the goods received note and the supplier's invoice
- Step 1: A three-way match checks that what was ordered was received and billed correctly.
- Step 2: It compares the order, the goods received note and the invoice.
Answer
The purchase order, the goods received note and the supplier's invoice.
Why not the others: A sales invoice and a bank statement are not part of the matching before payment. A dispatch note relates to the supplier's despatch, and a remittance advice follows payment. Payroll records have no bearing on supplier invoices.
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