RECEIVING REPORT Definition

Bookmark and Share

RECEIVING REPORT is a document completed in the receiving department, which identifies the purchase order that initiated the purchase, and the date, quantity, and condition of goods received.

Learn new Accounting Terms

OPPORTUNITY COST OF REVENUE (OCOR) is where revenue/money held now may be invested to produce more money - thus we consider opportunity cost a return or more revenue.

UNITIZE is to separate or classify into units, e.g. auto manufacturers unitize along model designations.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.