Accounts Payable (Word Scramble)

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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-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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