A(n)________ System Posts an Approved Invoice to the Vendor Account

question 25

Multiple Choice

A(n) ________ system posts an approved invoice to the vendor account and stores it in an open invoice file until payment is made by check.

• A)nonvoucher
• B)voucher
• C)cycle
• D)evaluated receipt settlement

---

Definitions:

Net Adjustment

Modifications made to the net income or net loss of a company to reconcile with cash flow or other financial statements.

Unamortized Patent

The cost of a patent that has not yet been gradually written off against profits over its useful life.

Equity Income

Income earned by an investor through dividends or distributions from equity investments or ownership interests in companies.