Explain why a three way match may not be required for transactions covered by a trading partner agreement.
What will be an ideal response?
Under a trading partner agreement the parties contractually agree to terms of trade such as price, quantities to be shipped, discounts, and lead times. With these sources of potential discrepancy eliminated, financial information about purchases is known in advance and the vendor's invoice provides no critical information that cannot be derived from the receiving report. Thus, a three way match is unnecessary.
PTS: 1
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