ACCOUNTS PAYABLE

A type of request for payment needs the following as attachments:

- Purchase Order

- Purchase Request

- Sales Invoice / Billing Statement

• Consultants

• Vendor

• Cash Advance

A process that validates the attached documents specifically to receipts, Official Business Itinerary, Travel Order, Contract, and others.

Which of the following does NOT belong to the process of Accounts Payable

• Receive

• Data Entry

• Printing

• Approval

• Dissemination

Tick all the Post REPORTS of Accounts Payable.

• RFP Count

• Reclassification

• Accounts Payable Balance

• Loans Monitoring

• Utility Monitoring

The __________ process encodes the supplier's data, purchase description and Accounting Entries

A document that an AP Processor cannot process the payment without this even though it has its attachments.

TRUE or FALSE

An Accounts Payable Accounting Associates receives first the Request for Payment prior to bugdet approval

• True

• False

What type of account is Loan?

• ASSET

• LIABILITIES

• OWNER'S EQUITY

What type of an account is Accounts Payable?

• ASSET

• LIABILITIES

• OWNER'S EQUITY

When we think of Accounts Payable, we think of a ___________ as a form of payment.

• CASH

• CREDIT CARD

• BITCOIN

• CHECK