Question

In: Accounting

Which of the following statements about the acquisition / payment process is least true? The same...

Which of the following statements about the acquisition / payment process is least true?

The same document is an output of the first step and an input to the second step.

The document commonly used in the second step is both an output and an input.

The document commonly used in the second step is never used in other steps of the acquisition / payment process.

Many documents from the first step can be combined into a single document in the second step.

Solutions

Expert Solution

The document commonly used in the second step is never used in other steps of the acquisition / payment process is least true  about the acquisition / payment process.

Correct answer is option 3.


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