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Which one of the following documents should accompany a payment made to supplier and briefly, explain why.

A. Supplier statement

B. Remittance advice

C. Purchase invoice

D. All above

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Question added by Wasim khan wazir , Finance Specialist , Mott Macdonald
Date Posted: 2015/06/15
Shahbaz Hayder
by Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies

Last Option is the right answer as any additional document will not bring any harm.

In my opinion , the answer would be option B : Remittance Advise... The reason is that it suppots the payment initiated to supplier and it is the proof and evidence for payment....The other2 documents supplier statement and purchase invoice are not compulsory required to accompany with payment. .. reason is supplier statement can be shared at any time (it shows only the outstanding details and transactions with that supplier) and purchase invoice is not required to accompany with payment since the same might be indicated in remittance advice.......

Tranquilino Jr Rivera
by Tranquilino Jr Rivera , General Accountant , Enany Group of Companies

I think it is a matter of Company practice or policy. Primarily, it should be the remittance advice. But to support this advice, a copy of the invoice being paid and the statement are also attached. This may provide clarity and convenience to the vendor as to which invoices/open accounts the received payment applies.

Mobeen Tahir
by Mobeen Tahir , Credit Officer , Tawuniya Insurance

Option D is the right answer.

Bilal Bilal Ashraf
by Bilal Bilal Ashraf , Assistant Accountant and Office Admin , Hamdaani Food Company

I think option D is right answer because each and every document will be helpful for both parties and any additional document will not harm anyone.

yuri ayaye
by yuri ayaye , Company Driver , UNITED NATIONS

the document  which state to a suppier   and show how is an invoice.

Ahmed kandil
by Ahmed kandil , Cost Controller , Battour Holding Cpompany

Answer D is the correct answer Thank you

Deleted user
by Deleted user

The right answer is  ( B ) , all others choices not related to company it self .

Sanjay Kumar Jangir
by Sanjay Kumar Jangir , Finance Executive , Alchemy Stones India

Remittance advice shows what invoice is being paid.

Supplier statement shows what amount is received.

Adil Mohammad
by Adil Mohammad , Accounting Manager , Leading Steel Industries co- joint stock co.

 A-  against Supplier statement.,  statement should be matching with customer balances with reconciliation if any. then we can confirm with buyer record all invoices submitted by the supplier,then  we can pay .

 

 

Deleted user
by Deleted user

it is B because of a is a wrong choice , it's must done by the supp[ier , also c is a wrong choice it must done also by the supplier

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