How would you know if all items ordered have been received?

To determine if all items ordered have been received, comparing the packing list with the invoice or statement is the most effective method. The packing list is a document that accompanies a shipment, detailing all the items that were included in the delivery. It serves as a checklist against what was actually sent. The invoice, on the other hand, outlines the charges for those items.

By comparing these two documents, you can confirm that each item listed on the packing list matches what is documented on the invoice. This ensures that you have received everything that was ordered and that there are no discrepancies between what was shipped and what is being billed.

In contrast, while comparing the invoice with the ledger could provide some insight into overall financial transactions, it does not specifically confirm the receipt of items. Recording shipments in the cost ratio helps with financial analysis but does not aid in verifying receipt. Similarly, subtracting the net amount received from the gross amount ordered does not provide clarity on what specific items have been received or if any are missing.