Asked by Dinaira Jagoo on May 06, 2024
Verified
When a statement is received from a supplier,you should:
A) verify that everything on the invoice was received before making payment
B) promptly mail a check for the full amount due if funds are available
C) refrain from sending payment until a second notice is sent
D) mail a check for no more than 50 percent of the amount due if funds are available
Supplier Statement
A document provided by a supplier summarizing the transactions and the status of accounts between the supplier and its customer over a specific period.
- Recognize the importance of timely billing and payment processes in maintaining healthy cash flow.
Verified Answer
CH
Christopher HopkinsMay 09, 2024
Final Answer :
A
Explanation :
Verifying that everything on the invoice was received before making payment ensures that you are only paying for goods or services that were actually delivered, which is a standard practice in accounts payable processes.
Learning Objectives
- Recognize the importance of timely billing and payment processes in maintaining healthy cash flow.