Which of the following accounting functions has been accurately described?
A) Investments records help produce accurate billing of customers,and thus help to maintain good customer relations.
B) Payroll records track if your business keeps surplus cash invested in securities.
C) Accounts payable records help to make timely payments in order to capture prompt pay discounts and to maintain a good credit rating for the business.
D) Credit card sales function enables that payroll and employment taxes are kept current.

Question

Quizplus · Accepted Answer

Accounts payable records track the amount owed to vendors and suppliers and ensure that timely payments are made, which can help to capture prompt pay discounts and maintain a good credit rating for the business.

Which of the Following Accounting Functions Has Been Accurately Described