Payments can be authorized automatically,on the same day each month.These automatic payments do not need to be recorded,documented,or verified.
A)The first statement is true;the second statement is false.
B)The first statement is false;the second statement is true.
C)Both statements are true.
D)Both statements are false.

Question

Quizplus · Accepted Answer

The first statement is true as many payment systems allow for automatic authorizations on a recurring basis. However, the second statement is false because even automatic payments need to be recorded, documented, and verified for accounting and auditing purposes.

Payments Can Be Authorized Automatically,on the Same Day Each Month