Accounts Payable ____ Cash Available for the Business When Payment

question 62

Multiple Choice

Accounts payable ____ cash available for the business when payment is made.

• A)increase the amount of
• B)reduce the amount of
• C)have no effect on the
• D)represent all of the

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Definitions:

Under Budget

A situation in which the actual spending is less than what was originally planned or allocated for a project or activity.

Management Reserves

Funds set aside by management for unforeseen changes in the scope or cost of a project.

Contingency Reserves

Allocated resources, time, or funds kept in reserve to address potential unforeseen obstacles or costs in a project.

Budget Baseline

The original approved plan for the project's budget against which project performance can be monitored and controlled.