Which of the following are true about the goods receipt/invoice receipt (GR/IR) account?

All of the answers The purpose of this account is to make sure that goods receipt is executed for every invoice and vice versa.

The account is debited upon receipt of a purchased item

The account is credited in the receipt of payment posting

"Just ""The purpose of this account is to make sure that goods receipt is executed for every invoice and vice versa"" and ""The account is debited upon receipt of a purchased item""."