Answer :

A purchase order establishes an initial record of the receipt of the inventory. True

The file that continues a preliminary record of the stock inventory is the receiving document. The receiving report is a document that records the contents of the inventory being brought to the commercial enterprise.

A purchase order is the respectable confirmation of an order dispatched from a consumer to a supplier of products or offerings. it is a document dispatched from a patron to a seller that authorizes a purchase. the stock inventory summary.

This report displays the transactions for every stock item and the way they have an effect on the quantity handy, value, and value. The inventory Valuation detail document, shows the quantity on hand, value, and average cost for each stock item.

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