SECTION 9.1 – ACCOUNTS PAYABLEINTRODUCTIONAccounts payable is defined as an ASB obligation or short-term liability of amountsowed to private persons, firms, governmental units or others for goods received orservices performed within the fiscal year.
Technicians handle accounts payable according to where a vendor or payee name
falls within the alphabet.
The practice of having invoices sent directly to accounting
helps ensure vendors are paid in a timely manner, helps eliminate lost or misplacedinvoices, and reduces the risk of late fees.
b) Be certain to list exact shipping/handling charges, if ap...
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