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 issuance of a payment on accounts payable typically ends the acquisitions and payment cycle as it indicates that the goods or services have been received and payment has been made. The other options listed are steps within the cycle but do not indicate its completion.

What Typically Ends the Acquisitions and Payment Cycle