Q206
Out of the following, what is not the work of purchase department:
A.
Receiving purchase requisition
B.
Exploring the sources of material supply
C.
Preparation and execution of purchase orders
D.
Accounting for material received
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
Accounting for material received is not the work of purchase department. Most major companies and even some government organizations have a purchasing or procurement department as part of everyday operations. These departments provide a service that is the backbone of many manufacturing, retail, military and other industrial organizations.