Questions and Answers
An accounts payable specialist is tasked with reconciling the company's accounts payable ledger with the general ledger. Which of the following is the MOST important step in this process?
Identifying any discrepancies between the accounts payable ledger and the general ledger
An accounts payable manager is reviewing a vendor invoice and notices that the quantity of goods received does not match the quantity listed on the invoice. What is the MOST appropriate action the manager should take?
Reject the invoice and request a revised invoice from the vendor
An accounts payable specialist is tasked with researching a missing vendor invoice. Which of the following steps should the specialist take FIRST?
Search the company's accounts payable files and records for the missing invoice
An accounts payable manager is reviewing a vendor invoice and notices that the invoice date is several months old. Which of the following is the MOST likely reason for the delayed invoice?
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An accounts payable specialist is reviewing a vendor invoice and notices that the total amount on the invoice does not match the calculated total based on the unit prices and quantities. What is the MOST appropriate action the specialist should take?
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