The Form Typically Used to Confirm Accounts Payable

question 56

Multiple Choice

The form typically used to confirm accounts payable:

• A)Does not require a response from the vendor.
• B)Confirms the balance recorded by the client at year-end.
• C)Requires the vendor to indicate the amount of the payable.
• D)Is the same as the form used to confirm accounts receivable.

---

Definitions:

Price Discrimination

A pricing strategy where a seller charges different prices for the same product or service to different customers, based on factors like location, purchase volume, or customer segment.

Fair Competition

Practices that ensure an equitable and honest competitive environment in the marketplace.

Relationship Management

The strategy and practices of maintaining and improving relationships between an organization and its clients, customers, or other key stakeholders.

Mutually Beneficial

A situation or agreement that provides advantages or positive outcomes to all parties involved.