Numerous departments are involved in the fixed assets purchases and payment processes. Choose from the list below one of the departments that is involved in the fixed assets purchases and payment processes.

 Numerous departments are involved in the fixed assets purchases and payment processes. Choose from the list below one of the departments that is involved in the fixed assets purchases and payment processes.

Marketing

Receiving

Operations

Sales

 

The correct answer is "Receiving." The receiving department is responsible for physically receiving and inspecting fixed assets that are purchased, and for verifying that the assets match the purchase order and invoice. The receiving department also notifies accounts payable and fixed asset accounting when the assets are received, so that they can be properly recorded and paid for. Other departments involved in the fixed asset purchase and payment process may include procurement, finance, and IT.