Asked by Amber Lloyd on Jul 12, 2024
Verified
The Schedule of Accounts Payable is listed by highest to lowest dollar value.
Schedule of Accounts Payable
A detailed listing of all the amounts a company owes to its suppliers or vendors, but has not yet paid.
- Clarify the steps and relevance of a Schedule of Accounts Payable.
Verified Answer
MH
marcial hamorJul 18, 2024
Final Answer :
False
Explanation :
The Schedule of Accounts Payable is typically organized alphabetically by the name of the supplier or vendor, not by the dollar value of the payable.
Learning Objectives
- Clarify the steps and relevance of a Schedule of Accounts Payable.
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