Within the cash disbursement process, specific steps should be taken to enhance the effectiveness and efficiency of making payments to vendors.Which of the following is NOT one of those steps?
A)Vendor account reconciliation
B)Maintenance of the general ledger
C)Cash management techniques
D)Payment authorization

Question

Quizplus · Accepted Answer

While maintaining the general ledger is an important accounting task, it is not a specific step within the cash disbursement process. The other options (vendor account reconciliation, cash management techniques, and payment authorization) are all steps that help enhance the effectiveness and efficiency of making payments to vendors.

Within the Cash Disbursement Process, Specific Steps Should Be Taken