The Proper Recognition of Accounts Payable Liabilities Are Crucial to Ensure

question 27

Multiple Choice

The proper recognition of accounts payable liabilities are crucial to ensure fair statement of the ending accounts payable balance.What documents are required to adequately support accounts payable?

• A)receiving reports and bill of lading documents that indicate dates shipped
• B)bill of lading documents matched to the internal purchase requisition
• C)purchase requisition (authorized)matched with the purchase order to the vendor
• D)vendor invoices matched to receiving reports and authorized purchase documents

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Definitions:

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The process of creating, sharing, using, and managing the knowledge and information of an organization.