Which of the six essential accounting business systems mentioned in the text records purchases from, amounts owed to, and payments to suppliers?
A) Accounts payable
B) Accounts receivable
C) Inventory control
D) Order processing

Question

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Accounts payable records purchases from suppliers, amounts owed to them, and payments made to them. Accounts receivable records sales made to customers, amounts owed by them, and payments received from them. Inventory control records the quantity and value of goods held in stock. Order processing records orders received from customers and the fulfillment of those orders.

Which of the Six Essential Accounting Business Systems Mentioned in the Text