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Accounts Payable(Word Scramble)

Author:
Harold Averkamp, CPA, MBA

To see each answer, press or click on the blue "Unscramble" button. If you have difficulty answering the following questions, learn more about this topic by reading our Accounts Payable (Explanation).

1. A buyer's payable is its vendor's ___________.

RECEIVABLE ALRBECEEIV
RECEIVABLE CALIVEREBE

2. Under the ___________ method of accounting a purchase on account becomes a liability when the goods are received.

ACCRUAL AACLCUR
ACCRUAL CCRAULA

3. The three-way ___________ is often used when reviewing vendor invoices.

MATCH CTMAH
MATCH CTMHA

4. Vendor invoices for repairs and maintenance are likely debited to this type of account.

EXPENSE PSEXENE
EXPENSE SENXPEE

5. This type of order is one of the documents that is compared to a vendor invoice.

PURCHASE RAPCHSEU
PURCHASE UESPHCRA

6. Many companies have a policy to pay only from vendor invoices and not from vendor ___________.

STATEMENTS TETSMATNSE
STATEMENTS MSSTEENTTA

7. The type of general ledger account associated with an accrued expense.

LIABILITY TILIAIBLY
LIABILITY IILAYILTB

8. 2/10, net 30 allows for an early payment ___________.

DISCOUNT OUDTSNCI
DISCOUNT OUIDNTCS

9. The ___________ of duties is one of the principles of internal control.

SEPARATION ETAPIRAOSN
SEPARATION SAPEATNROI

10. The IRS Form 1099-MISC is issued in January to this type of contractor who has provided services in the previous year.

INDEPENDENT NPENETEDIDN
INDEPENDENT EENDNPDINET
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About the Author

Harold Averkamp

For the past 52 years, Harold Averkamp (CPA, MBA) has worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. He is the sole author of all the materials on AccountingCoach.com.

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