Which of the Following Is an Objective of Accounts Payable

question 21

Multiple Choice

Which of the following is an objective of accounts payable processing?

• A)Collecting information for the financial statements
• B)Making timely and accurate vendor payments
• C)Forecasting cash requirements
• D)Tracking bills of lading

---

Definitions:

Sales

The total amount of goods or services sold by a company during a specific period, often used as a measure of business performance.

Cash Sales

Transactions in which goods or services are paid for in full using cash at the time of sale.

Cash Register Tapes

Physical records produced by cash registers, documenting transactions completed.