The red-flag that is generally identified when vendors with invoices for the same amount on the same day are found is:
A)dummy vendors.
B)employees purchasing goods for personal use.
C)billing more than once for the same purchase.
D)providing poor-quality goods.

Question

Quizplus · Accepted Answer

Billing more than once for the same purchase is a red-flag in accounts payable as it may indicate fraud such as duplicate payments to vendors. Finding vendors with invoices for the same amount on the same day is one of the ways to identify such fraud. Dummy vendors, employees purchasing goods for personal use, and providing poor-quality goods are not directly related to this type of fraud.

The Red-Flag That Is Generally Identified When Vendors with Invoices