The acquisition and payment process consists of each of the following phases except which of the following?
A) Receipts of goods and services.
B) Approval of items for payment.
C) Application of cash receipts.
D) Authorized request for goods and services.

Question

Quizplus · Accepted Answer

The acquisition and payment process includes the authorized request for goods and services, approval of items for payment, and receipt of goods and services. However, the application of cash receipts is not a part of the acquisition and payment process. It belongs to the cash receipts and disbursement process.

The Acquisition and Payment Process Consists of Each of the Following