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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 LIRCAVEBEE||Unscramble|
|2. Under the ___________ method of accounting a purchase on account becomes a liability when the goods are received.||ACCRUAL LUCAARC||Unscramble|
|3. The three-way ___________ is often used when reviewing vendor invoices.||MATCH TAHMC||Unscramble|
|4. Vendor invoices for repairs and maintenance are likely debited to this type of account.||EXPENSE SPNEEEX||Unscramble|
|5. This type of order is one of the documents that is compared to a vendor invoice.||PURCHASE RACEUHPS||Unscramble|
|6. Many companies have a policy to pay only from vendor invoices and not from vendor ___________.||STATEMENTS ETMSSTTNEA||Unscramble|
|7. The type of general ledger account associated with an accrued expense.||LIABILITY TILIYBLAI||Unscramble|
|8. 2/10, net 30 allows for an early payment ___________.||DISCOUNT SNICDUOT||Unscramble|
|9. The ___________ of duties is one of the principles of internal control.||SEPARATION TORENAPSAI||Unscramble|
|10. The IRS Form 1099-MISC is issued in January to this type of contractor who has provided services in the previous year.||INDEPENDENT PIDNNNEEETD||Unscramble|