Question

Which of the following is NOT a procedure in the approval of a specific invoice for payment?

A. An accounting department employee must verify the mathematical accuracy of the amounts that appear on the invoice.

B. The purchase requisition, purchase order, receiving report, and invoice are compared.

C. The purchasing department prepares a voucher to request payment.

D. All of these choices are procedures in the approval of a specific invoice for payment.

Answer 1

SOLUTION

Procedure of approval of a specific invoice for payment

Invoice approval is the process of reviewing and approving invoice before payment . it involves lthe steps like checking arthmatical accuracy , comparing invoice with other documents like purchase requisition , receving reports etc but there is no need to prepare voucher by purchase department to request payments because payments shall be made according to company credit policy not on request of purchase department .

.Thus the answer to the problem is option c that is the purchase department prepare voucher to request payment .

NOTE - PLEASE UPVOTE IT SHALL BE A GREAT FAVOR THANKS