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Question :-

What is a function of the Receiving application?
The Receiving application is used to receive materials and services from purchase orders. It is also used to approve materials and service receipts, for services and materials that require inspection.
The Receiving application is used to only reject materials and services from purchase orders. It is also used to not approve materials and service receipts for services and materials that do not require inspection.
When an item receipt is entered, the application creates an inventory transaction for that item. It increases the balance of the item at its primary location by the quantity of the receipt and decreases the quantity on order by the quantity received.
If an item receipt is missing, the application creates an inventory transaction for that item. It adds the balance of the item at its primary storeroom by the quantity of the item really missing and increases the quantity on order by the quantity received.:

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