Question

51. An employee in the accounts payable will record the purchase and produce a voucher when...

51. An employee in the accounts payable will record the purchase and produce a voucher when

Select one:

a. an invoice is received.

b. inventories are received.

c. an invoice is successfully matched with a purchase order.

d. none of the above.

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Answer #1

Your required answer is option C i.e. an invoice is successfully matched with a purchase order.

Explanation:

In Accounts payable invoice is booked on the basis of whether 2 way match or 3 way match. According to 2 way match an invoice is booked when it's Invoice is successfully matched with a purchase order. and in case of 3 way match an invoice is booked when it's invoice and purchase order is matched with goods receipt (GR).

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