Unlike Accounts Receivable, in Accounts Payable It Is Not Necessary

question 31

True/False

Unlike accounts receivable, in accounts payable it is not necessary to segregate transaction duties.

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Definitions:

Equipment

Assets used in the operations of a business, typically consisting of machinery, tools, and vehicles.

Stock

Ownership shares in a corporation, representing a claim on part of the corporation's assets and earnings.

Stockbroker

A person licensed to assist investors in buying and selling securities for a commission.

Securities Analyst

A financial professional who conducts research, analyzes securities, and provides investment recommendations based on their findings.