Within Accounts Payable, to Ensure That Each Voucher Is Submitted

question 62

Multiple Choice

Within accounts payable, to ensure that each voucher is submitted and paid only once, each invoice approved to be paid should be:

• A)Supported by a receiving report
• B)Stamped "paid" by the check signer
• C)Prenumbered and accounted for
• D)Approved for authorized purchases

---

Definitions:

Bank Loan Payable

Bank loan payable is a liability account that reflects the amount of money borrowed from a bank by a company or individual that is yet to be repaid.

Machinery

Consists of the machines and equipment designed to perform specific tasks in industrial, commercial, or agricultural applications.

Accounts Receivable

Amounts owed to a company by customers for goods or services delivered on credit.