Vendor payment is typically made
A) when an authorized order is placed.
B) once an invoice is posted.
C) when a goods receipt document is prepared.
D) when a purchase requisition has been approved.

Question

Quizplus · Accepted Answer

Vendor payment is typically made once an invoice is posted. An invoice is the document that the vendor sends to request payment for the goods or services provided to the buyer. Once the invoice is posted, the buyer can initiate the payment process. The other options mentioned (placing an authorized order, preparing a goods receipt, approving a purchase requisition) are steps in the procurement process but do not necessarily trigger payment.

Vendor Payment Is Typically Made