The Proper Recognition of Accounts Payable Liabilities Are Crucial to Ensure

question 52

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 supplier
• D) supplier invoices matched to receiving reports and authorized purchase documents

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Definitions:

Organic Matter

Material derived from living organisms, including plants, animals, and their byproducts, containing carbon compounds.

Proteins

are large, complex molecules made up of amino acids that play many critical roles in the body, including catalyzing metabolic reactions, DNA replication, responding to stimuli, and transporting molecules from one location to another.

Cytoplasm

The gel-like substance within a cell, excluding the nucleus, containing organelles and is involved in numerous cellular processes.

Plane

A flat, two-dimensional surface that extends infinitely in all directions.