A Company Has Four Vendors and the Accounts Payable Subsidiary

question 22

Multiple Choice

A company has four vendors and the accounts payable subsidiary ledger shows the following balances. $$\begin{array} { | l | l | } \hline \text { Alpha } & \$ 282,821 \\\hline \text { Beta } & 151,474 \\\hline \text { Gamma } & 38,943 \\\hline \text { Delta } & 37,187 \\\hline\end{array}$$ Calculate the accounts payable balance in the general ledger.

• A)$277,604
• B)$434,295
• C)$560,425
• D)$282,821

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Definitions:

Benchmark

is a standard or point of reference against which things may be compared or assessed.

Performance Objectives

Specific goals and targets set to evaluate the effectiveness and productivity of employees or systems within an organization.

Control Process

The method by which an organization monitors and regulates its operations, systems, and processes to meet its objectives.

Four-Step Process

A systematic approach often used for problem-solving or decision-making that includes planning, implementation, monitoring, and review.