Question

ASSERTION: Purchase module takes care of all the processes that are part of procurement of items or raw materials that are required for organisation.

REASONING: Any financial data that is required for running a business is available on one click in Finance module.

Options

• A is true, and R is the correct explanation for A.

• A is true, and R is not the correct explanation for A.

• A is true, but R is false.

• A is false, but R is true.

Answer 1

A is true, and R is not the correct explanation for A.

Explanation:

The Purchase module is responsible for managing procurement activities, including maintaining vendor lists, obtaining quotations, creating purchase orders, and preparing Goods Receipt Notes (GRNs). The Finance module, on the other hand, provides financial reports and information whenever required. Therefore, the Finance module does not explain the procurement functions performed by the Purchase module.