The acquisition and payment process consists of each of the following phases except
A)receipts of goods and services.
B)approval of items for payment.
C)application of cash receipts.
D)authorized request for goods and services.

Question

Quizplus · Accepted Answer

The acquisition and payment process includes the authorized request for goods and services, receipt of goods and services, approval of items for payment, and finally the application of cash receipts. The application of cash receipts is not a phase of the acquisition and payment process, but rather a separate process for handling customer payments.

The Acquisition and Payment Process Consists of Each of the Following