Question

which of the following statements about the goods receipt step are not true?group of answer choicesit can occur during the production process.materials are placed in an appropriate storage location with an appropriate status.it can result in the creation of material and financial accounting documents.it results in a decrease in inventory.it can occur during the procurement process.

Answer 1

The incorrect statement about the goods receipt process is that it results in a decrease in inventory. This step normally increases inventory levels as new materials are recorded into the inventory management system.

Step-by-step explanation:

The statement about the goods receipt step that is not true is: it results in a decrease in inventory. During the goods receipt process, this step typically signals an increase in inventory as materials or products are received and recorded into the system. Here are the correct aspects associated with the goods receipt process:

• It can occur during the production process, as materials are received for use.
• Materials are placed in an appropriate storage location with an appropriate status, such as 'awaiting inspection' or 'ready for use'.
• It can result in the creation of material and financial accounting documents, reflecting the new assets.
• It can occur during the procurement process, when materials are brought in from external suppliers.

As for the bulk reducing concept, while it typically applies to location decisions in manufacturing, it is not directly related to the accuracy of inventory levels post goods receipt.