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The inventory is added to the inventory records after three documents are reconciled. One of those documents is the receiving report.

To record the contents of a delivery to a firm, a receiving report is employed. The employees of the company accepting the delivered items fill out the form. On a receiving report, the following details are often present: the moment the delivery was received, in both time and date.

Receiving reports typically have a heading with the name of the business, its address, the date, and a receiving report number. The date received, FOB terms, shipping company, and a list of the received goods are all included in a receiving report.

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