Receiving report
Receiving report is a document prepared by the receiving department to evidence the receipt of material or supplies that had been ordered. This document is used to notify the appropriate people of the ordered goods received along with the quantities and specific condition of the goods. This document can be prepared using some form.
Definitions
According to College Accounting: A Practical Approach by Slater (13th edition),
- Receiving report. A document prepared by the receiving department to evidence the receipt of material or supplies that had been ordered.
- Receiving report. A business form used to notify the appropriate people of the ordered goods received along with the quantities and specific condition of the goods.
According to Managerial Accounting by Braun, Tietz (5th edition),
- Receiving report. A written or electronic document listing the quantity and type of raw materials received in an incoming shipment; the report is typically a duplicate of the purchase order without the quantity pre-listed on the form.
Related concepts
- Accounting (alternatively known as accountancy) is management of financial data, information, and knowledge about financial transactions of legal entities. Accountancy tends to include bookkeeping and, depending on a particilar enterprise, may also include quatitative analysis of financial data in the bookkeeping system and/or business intelligence.
