The AP application matches invoices, quantities, prices and terms when it performs the control plan:
A)Independent validation of vendor invoices
B)Match invoice, purchase order, and receiving report
C)Independent authorization to make payment
D)Reconcile input and output batch totals

Question

Quizplus · Accepted Answer

Matching invoice, purchase order, and receiving report ensures that the items received were actually ordered and received, and that the invoice reflects the correct quantity, price, and terms. This is an important control to prevent overpayment or payment for goods or services not received. The other choices, although important controls, do not directly relate to matching invoices, quantities, prices, and terms.

The AP Application Matches Invoices, Quantities, Prices and Terms When