At what point do most companies recognize liabilities in the acquisition and payment cycle?
a. The issuance of a purchase order.b. Receipt of acknowledgement of order by vendor.
c. Receipt of goods or services.
d. Any of the above.
At what point do most companies recognize liabilities in the acquisition and payment cycle?
b. Receipt of acknowledgement of order by vendor.
c. Receipt of goods or services.
d. Any of the above.