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    Accounting Information Systems
  4. Exam
    Exam 9: Expenditures Processes and Controls - Purchases
  5. Question
    Even Though a Company Has an Obligation to Pay for Goods
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Even Though a Company Has an Obligation to Pay for Goods

Question 33

Question 33

True/False

Even though a company has an obligation to pay for goods as soon as the goods are received, it is common to not record the actual liability until the invoice is received.

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