Accounts Payable Management Quiz
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Questions and Answers

What does the Accounts Payable application component record and administer?

  • Accounting data for all customers
  • Accounting data for all inventory items
  • Accounting data for all employees
  • Accounting data for all suppliers (correct)

    • What is an integral part of the purchasing system according to the text?

  • Accounts Payable (correct)
  • Accounts Receivable
  • Cash Management
  • Inventory Management

    • What can be managed with Accounts Payable?

  • Inventory levels
  • Customer orders
  • Employee payroll
  • Open payables invoices automatically created from purchasing processes (correct)

    • What does the system supply to the Cash Management application component?

    <p>Figures from invoices to optimize cash flow planning</p> Signup and view all the answers

    What are the activities that can be performed in Accounts Payable according to the text?

    <p>Post transactions, manage business partners for suppliers, perform closing activities</p> Signup and view all the answers

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