The data collected during the accounts payable process can be converted into several accounts payable reports. Below is a list of some of those reports. Which report summarizes purchases by vendor over a specific period of time to look for unusual activity?
A) Cash disbursements journal
B) Purchases by vendor
C) Accounts payable
D) Vendor aging report

Question

Quizplus · Accepted Answer

The "Purchases by vendor" report summarizes purchases by each vendor over a specific period, making it easier to spot any unusual activity or trends in purchasing.

The Data Collected During the Accounts Payable Process Can Be