Information for Evaluating Vendor Performance Normally Would Reside on The

question 88

Multiple Choice

Information for evaluating vendor performance normally would reside on the:

• A) accounts payable master data
• B) vendor master data
• C) vouchers payable master data
• D) purchase order master data

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Definitions:

Accounts Payable

Money owed by a business to its suppliers or creditors for goods and services received but not yet paid for.

Indirect Method

A financial reporting approach used to generate a statement of cash flows by adjusting net income for changes in non-cash account balances.

Declared

Often refers to the official announcement by a company's board of directors of a dividend or other corporate action.

Accumulated Depreciation

The total amount of depreciation expense that has been recorded against a fixed asset since it was put into use.