Which of the following controls is not normally performed in the accounts payable department?
A)The vendor's invoice is matched with the related receiving report.
B)Vendor invoices are approved for payment.
C)Asset and expense accounts to be recorded are assigned.
D)Unused purchase orders and receiving reports are accounted for.

Question

Quizplus · Accepted Answer

The accounts payable department typically does not handle the accounting for unused purchase orders and receiving reports. This task is more related to the purchasing or inventory management departments, which are responsible for tracking the issuance and fulfillment of purchase orders and receiving reports. The accounts payable department focuses on processing vendor invoices, matching them with purchase orders and receiving reports, approving invoices for payment, and assigning the appropriate asset and expense accounts.

Which of the Following Controls Is Not Normally Performed in the Accounts