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Organize the Accounts Payable System in the Correct Order (Sequence)

Question 20

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Organize the accounts payable system in the correct order (sequence).

Premises:
Categorize the expenditures for use in accounting reports.
Categorize unpaid bills by the date each check will be written.
Prepare the checks
Stamp the date paid on the statement,and include the check number.
Establish set dates,each month,when checks will be generated.
Verify charges by comparing invoices with the statement.
Responses:
Step Two
Step One
Step Three
Step Five
Step Six
Step Four

Correct Answer:

Categorize the expenditures for use in accounting reports.
Categorize unpaid bills by the date each check will be written.
Prepare the checks
Stamp the date paid on the statement,and include the check number.
Establish set dates,each month,when checks will be generated.
Verify charges by comparing invoices with the statement.
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