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 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-NEC is issued in January to this type of contractor who has provided services in the previous year. | INDEPENDENT PIDNNNEEETD | Unscramble |
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