Why Is the Automatic Distribution Entry Useful in the Accounts

question 85

Multiple Choice

Why is the automatic distribution entry useful in the accounts payable module?

• A) An invoice must be channeled through several check points before approval for payment is made.
• B) There are many invoices that run through an organization's accounts payable cycle.
• C) Any manager can pull up invoices in the form of exception or periodic reports to determine any "red flags."
• D) It permits the specification of a master account to which entries will be made.

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Definitions:

Net Taxes

The total taxes paid to the government after subtracting transfers and government spending directly beneficial to the taxpayer, such as social security or unemployment benefits.

Disposable Income

The finance households possess for setting aside savings and covering expenses, following income tax deductions.

Consumption

The use of goods and services by households.

Fiscal Policy

Government policies related to taxation and spending to influence the economy.