11
AssignmentMultiple Select

Programming Design

Question 11 • VA-Information Technology Fundamentals B

Which steps would you take to track accounts payables at a business? Select all that apply.

Answer
A
Calculate payment amounts that are due.
B
Determine whether you need to place orders.
C
Determine due dates for payments.
D
Determine whether you need to hire new vendors.
E
Determine whether there is an early-payment discount.
F
Identify vendors with payments due.

Explanation

Tracking accounts payable means monitoring what the business owes, to whom, and when. Identify vendors with payments due, determine the due dates, calculate the amounts to pay, and check whether early payment earns a discount. Deciding whether to place orders or hire new vendors concerns purchasing and vendor management, not tracking existing payables.

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