In Computerized Purchase Operations the Computer Matches Three Documents, the Purchase

question 14

True/False

In computerized purchase operations the computer matches three documents, the purchase order, the receiving report, and the monthly statement, and if the three match within a prespecified tolerable limit, the invoice is approved for payment.

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Definitions:

Continuing Operations

Refers to the business activities that are expected to continue into the foreseeable future, as opposed to those that are being discontinued.

Discontinued Operations

The disposal of a significant component of a business.

Generally Accepted Accounting Principles

A set of accounting standards and procedures used in the United States to govern financial reporting and ensure consistency across organizations.

Quality Of Earnings

An assessment of the degree to which a company's earnings are considered reliable or sustainable, and free from artificial inflation or deflation.