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).
2. Under the ___________ method of accounting a purchase on account becomes a liability when the goods are received.
ACCRUAL LAUCCRA4. Vendor invoices for repairs and maintenance are likely debited to this type of account.
EXPENSE EXESPNE5. This type of order is one of the documents that is compared to a vendor invoice.
PURCHASE RHUSPECA6. Many companies have a policy to pay only from vendor invoices and not from vendor ___________.
STATEMENTS MATTESSENT7. The type of general ledger account associated with an accrued expense.
LIABILITY YLLIATIIB9. The ___________ of duties is one of the principles of internal control.
SEPARATION ORPSNAAETI10. The IRS Form 1099-MISC is issued in January to this type of contractor who has provided services in the previous year.
INDEPENDENT NNDETNEEIDP
Get Our Premium Accounts Payable Test Questions When You Join PRO
Receive instant access to our entire collection of premium materials, including our 1,800+ test questions.
View All PRO Features
Join PRO or PRO Plus and Get Lifetime Access to Our Premium Materials
Read all 2,866 reviewsFeatures
PRO
PRO Plus
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.
Read 2,866 Testimonials
