Which items form the sequence of transactions in the purchasing process?

The sequence of transactions in the purchasing process is crucial for ensuring that the procurement of goods and services is conducted systematically and effectively. The correct answer outlines a logical flow of activities that typically occur during the purchasing process.

Starting with the purchase requisition, this is the initial step where a department identifies a need for goods or services and formally requests their acquisition. Next in the sequence is the purchase order, a document issued by the buyer to the supplier, detailing the agreed terms of purchase, quantities, and prices. Following that is the invoice, which the supplier sends to the purchaser, requesting payment for the goods or services provided. Finally, the receiving report comes into play, which confirms that the items ordered have been received and are acceptable based on the criteria established in the purchase order.

This flow illustrates the transition from identifying a need to the formal acquisition and confirmation of receipt, encapsulating the essence of the purchasing process. Each step builds upon the last, ensuring that all parties involved have the necessary documentation to uphold their responsibilities and maintain accountability in the transaction.

The other options present different combinations of documents that do not follow the typical sequence involved in purchasing, complicating the established workflow and creating potential gaps in accountability or clarity.