Which of the following statements about the acquisition/payment process is least true?
A)The same document is an output of the first step and an input to the second step.
B)The document commonly used in the second step is both an output and an input.
C)The document commonly used in the second step is never used in other steps of the acquisition/payment process.
D)Many documents from the first step can be combined into a single document in the second step.

Question

Quizplus · Accepted Answer

The document commonly used in the second step, such as purchase orders, invoices, and receipts, can often be used in other steps of the acquisition/payment process, such as recording inventory or reconciling accounts. Therefore, statement C is the least true.

Which of the Following Statements About the Acquisition/payment Process Is