The primary purpose of the accounts payable function

Question

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The primary purpose of the accounts payable function is to examine all incoming invoices and determine the proper amount to be paid. This includes verifying that the goods or services were received and that the prices charged are accurate. The goal is to ensure that the company pays only what it owes and nothing more, which helps to control costs and maintain strong supplier relationships. Choices B and C are incorrect because generating float and paying invoices as soon as possible are not primary purposes of the accounts payable function.

The Primary Purpose of the Accounts Payable Function