Multiple Choice
It is necessary for a company to maintain good control over their accounts payable and paying by the due date, for all of the following reasons, except:
A) Avoid late payment fees
B) Maintain relationships with customers
C) To take advantage of discounts for early payment
D) To stay on good terms with its vendors
Correct Answer:

Verified
Correct Answer:
Verified
Q32: A company should study risks common to
Q33: Internal control activities within the purchasing process,
Q34: Which of the following must a company
Q35: Within cash disbursements, all of the following
Q36: In order to help safeguard the processing
Q38: This form is issued by the buyer,
Q39: All of the following are external reports
Q40: Advantages of an automated system includes all
Q41: The internal control process that requires physical
Q42: A company may reject goods received due