Which of the following statements about the acquisition/payment process is most true?
A)A single document can be either an input or an output, but never both.
B)Many documents from the first step can be combined into a single document in the second step.
C)Both a single document can be either an input or an output, but never both, and many documents from the first step can be combined into a single document in the second step are true.
D)Neither a single document can be either an input or an output, but never both, nor many documents from the first step can be combined into a single document in the second step is true.

Question

Quizplus · Accepted Answer

In the acquisition/payment process, many documents from the first step (such as purchase orders, invoices, and receiving reports) are typically combined into a single document, such as the supplier invoice or the voucher, in the second step. Therefore, statement B is the most true. Statement A is incorrect because a single document can be both an input and an output, such as a supplier invoice that serves as an input for recording the purchase and an output for recording the payment. Statement C includes two statements, one of which is true (but not exclusive) and the other is false. Statement D is incorrect because statement B is true.

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