What typically ends the acquisitions and payment cycle?
A) issuance of a purchase requisition or request for purchase of goods/services
B) issuance of a payment on accounts payable
C) approval of a new vendor
D) purchase requisition

Question

Quizplus · Accepted Answer

The payment on accounts payable marks the end of the acquisitions and payment cycle as it signifies the completion of a transaction and settlement of the vendor's invoice. The other options listed are part of the beginning stages of the cycle, such as initiating a purchase request or requisition, approving a new vendor, or generating a purchase order.

What Typically Ends the Acquisitions and Payment Cycle