The computer-generated file which records acquisitions, disbursements and allowances for each vendor is the:
A)Accounts payable master file.
B)Cash disbursements file.
C)Acquisitions transaction file.
D)Purchase approval file.

Question

Quizplus · Accepted Answer

The accounts payable master file is the computer-generated record which tracks all acquisitions, disbursements, and allowances for each vendor. It provides a complete picture of the company's accounts payable activity and is an important tool for managing cash flow and ensuring accurate financial reporting. The other options are not accurate descriptors of this type of file.

The Computer-Generated File Which Records Acquisitions, Disbursements and Allowances for Each