To see each answer, press or click on the blue "Unscramble" button. If you have difficulty answering the following questions, learn more about this topic by reading our Accounts Payable (Explanation).
2. Under the ___________ method of accounting a purchase on account becomes a liability when the goods are received.
ACCRUAL UCACRAL4. Vendor invoices for repairs and maintenance are likely debited to this type of account.
EXPENSE PNXESEE5. This type of order is one of the documents that is compared to a vendor invoice.
PURCHASE HEACPRSU6. Many companies have a policy to pay only from vendor invoices and not from vendor ___________.
STATEMENTS MSTTETNSEA7. The type of general ledger account associated with an accrued expense.
LIABILITY LLIIYAITB9. The ___________ of duties is one of the principles of internal control.
SEPARATION ANASITREOP10. The IRS Form 1099-MISC is issued in January to this type of contractor who has provided services in the previous year.
INDEPENDENT DNEETINNEDP
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