Vendors bill for goods Study guides, Class notes & Summaries

ACAMS Certification Exam 2023-2024 Questions and Answers Correct C - The USA PATRIOT Act was passed in: A) 1970 B) 1985 C) 2001 D) 2007 D - The three stages of money laundering are: A) Layering, Placement, Refining B) Placement, Refining, Integration C) Refining. Integration, Layering D) Integration, Layering, Placement D - Which of the following would be satisfactory elements of an Anti-Money Laundering Program? I - A CAMS certified employee in the Investiga...

Which of the following is a problem usually associated with the flat-file approach to data management? data redundancy Which problem is characteristically associated with the flat-file approach to data management? the inability to determine what data is available A description of the physical arrangement of records in the database is the internal view. Which of the following may provide many distinct views of the database? the user view The update anomaly in unnor...

Accounts Payable correct answer: Money an organization owes its vendors and suppliers. Accounts Receivable correct answer: Money an organization's customers owe the organization. Action Plans correct answer: Detailed steps a unit, department, or team will take in order to achieve short-term objectives. Amendment correct answer: Modification or the Constitution or a law; modification may be either formal (written) or informal (unwritten). Assets correct answer: Financial, physic...

Accounts Payable Exam Latest Update 100% Correct Assets Resources owned by a company usually recorded in the ledger at historical cost. B-Notice A notification sent by a business entity to a vendor/payee that the taxpayer identification number provided by them is incorrect, thus subjecting the vendor/payee to possible backup withholding requirements. Backup Withholding Under certain conditions, the business entity is required to withhold part of a payment to a vendor subject to ba...

AIS Chapter 5 Test Questions and Answers All Correct The purpose of the purchase requisition is to a. order goods from vendors b. record receipt of goods from vendors c. authorize the purchasing department to order goods d. bill for goods delivered - Answer-b. record receipt of goods from vendors 3. All of the following departments have a copy of the purchase order except a. the purchasing department b. the receiving department c. accounts payable d. general ledger - Answer-...

CPCM Study Guide 2024 Trademark -Answer-word, name, symbol, or device that is used with goods to indicate the source of the goods and to distinguish from the goods of others. constructive acceleration -Answer-requirement that a contractor complete its work by a date earlier than one that would reflect the time extensions to which it's entitled because of an excusable delay. price analysis -Answer-process of examining & evaluating a price without the evaluation of the separate cost elemen...

SUA EXAM 1 QUESTIONS AND ANSWERS RATED A Flow chart is a diagram that graphically shows a company's documents and records their sequential flow in the organization Types of flow charts Systems, internal control and program Systems flow chart -emphasizes the flow of documents and records in the organization -does not show segregation of duties -easy to read Internal control flow chart shows the segregation of duties and othe internal controls -show everything but is more difficult to read Pr...

CPPB FINAL EXAM QUESTIONS AND ANSWERS (COMPLETE SOLUTION 2023/2024). Progress payments assure acceptable performance and progress on a contract. Commensurate with the progress made on the contract and are a method for financing the contractor throughout the life of the contract. The benefit of using a fixed-price with escalation contract would be: A. The vendor is protected against unusual price increases. B. The buyer has less contract administration to deal with. C. The vendor has increa...

SAP Certification Practice Exam 241 Questions with Verified Answers Which of the following control parameters determines the scope of the MRP run in SAP S/4HANA? - Processing key - Purchase requisition - Planned order - Planning mode - Schedule line - CORRECT ANSWER - Processing key What is the highest organizational unit in warehouse management? - Warehouse number - Storage selection - Storage bin - Storage type - CORRECT ANSWER - Warehouse number What happens when we post...

PHR CertificationAccounts Payable - correct answer Money an organization owes its vendors and suppliers. Accounts Receivable - correct answer Money an organization's customers owe the organization. Action Plans - correct answer Detailed steps a unit, department, or team will take in order to achieve short-term objectives. Amendment - correct answer Modification or the Constitution or a law; modification may be either formal (written) or informal (unwritten). Assets - correct answer ...