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Which of the following statements about the goods receipt step are NOT true?
a. It results in a decrease in inventory.
b. It can occur during the procurement process.
c. It can result in the creation of material and financial accounting documents.
d. Materials are placed in an appropriate storage location with an appropriate status.
e. It can occur during the production process.

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oreoluwa2001ng

Answer: A - It results in a decrease in inventory

Explanation: Goods receipt will result in increased inventory as goods are received into the store or warehouse were it will be sold.

Goods receipt occurs during a procurement process therefore creating a financial accounting document  called invoice and delivery note which will be used to ascertain the actual cost of the goods purchased and actual quantity of goods received.

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