Within cash disbursements, all of the following should be true before a check is prepared, except that:
A)The purchase order, receiving report, and invoice have been matched.
B)The purchased goods have been used.
C)Sufficient cash is available.
D)The invoice discount date or due date is imminent.

Question

Quizplus · Accepted Answer

The purchased goods do not need to be used before a check is prepared. All other options listed are necessary steps in the cash disbursement process.

Within Cash Disbursements, All of the Following Should Be True