A Legal Obligation Arises at the Time Goods Are Received

question 52

Multiple Choice

A legal obligation arises at the time goods are received from a supplier.The 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:

Cognitive-behavioral Therapy

An approach to mental therapy that aims to increase happiness and resolve difficulties by transforming negative thoughts, emotions, and behaviors.

Depressed Clients

Refers to individuals seeking therapy or counseling who are experiencing depression, characterized by persistent feelings of sadness, loss of interest, and other emotional and physical symptoms.

Pleasant Activities

Engagements or tasks that bring joy, satisfaction, or pleasure to an individual.

Redemptive Narrative

A story or account that focuses on the theme of redemption; overcoming obstacles or hardships to achieve a positive transformation.