Which of the Following Is False Regarding the Accounts Payable

question 36

Multiple Choice

Which of the following is false regarding the accounts payable module?

• A) Single checks issued by a company are referred to as manual checks.
• B) A batch of checks may be posted after a proof list is prepared.
• C) Printing batches of checks is an efficient way of issuing checks.
• D) Posting may be invoked several times a day.

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Definitions:

Cost-Volume-Profit Analysis

An accounting method used to determine the effects on company profits of different levels of sales volume and costs.

Fixed Costs

Fixed expenditures that are unaffected by the amount of goods produced or sold, covering rent, salaries, and insurance.

Volume Of Activity

A term often used in cost accounting to denote the amount of production or the level of sales of a company during a specific period.

Total Variable Costs

The sum of all costs that vary with the level of production or sales, such as materials and labor.