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Question 15 • Introduction to Information Technology - EL3701

Which set of steps would help track accounts payable at a business?

Answer

Calculate payment amounts that are due, determine due dates for payments, identify if there is an early payment discount, and identify vendors to whom payments are due.

Calculate payment amounts that are due, extend due dates for payments, determine if there is an early payment discount, and identify invoices that are paid in full.

Calculate payment amounts that have been made, determine due dates for payments, identify if there is an early payment discount, and identify customers with payments due.

Calculate payment amounts that have been made, extend due dates for payments, identify if there is an early payment discount, and calculate the tax owed by each customer.

Explanation

Accounts payable tracks money a business owes to its vendors. To manage it, the business should calculate amounts due, record payment deadlines, check for early-payment discounts, and identify which vendors must be paid. Choice A includes these steps; the other choices include actions such as extending due dates or tracking customers, which do not fit accounts payable.

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