One Objective of Accounts Payable Is to Authorize Payment Only

question 15

Multiple Choice

One objective of accounts payable is to authorize payment only for goods or services actually ordered and received.The best way to process supplier invoices is to use

• A)electronic funds transfer for small,occasional purchases from suppliers.
• B)a nonvoucher system.
• C)EDI for all small,occasional purchases from suppliers.
• D)a disbursement voucher system.

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Definitions:

Potassium Ions

Charged particles formed from potassium atoms, essential for various bodily functions including nerve transmission and muscle contraction.

Calcium Ions

Positively charged calcium atoms that play crucial roles in various biological processes, including muscle contraction, neurotransmitter release, and bone formation.

Heart Contractions

The process by which the heart muscle contracts or tightens, leading to the pumping of blood through the chambers of the heart and into the body.

Deoxygenated Blood

Blood carrying little to no oxygen, typically returning to the heart and lungs for re-oxygenation.