18Which of the following statements are true? The primary key for the Payment Re

Question

18Which of the following statements are true? The primary key for the Payment Relations relational database table is purchase order number. One major source of accounts payable loss is the underpayment of invoices. E-payments technologies can reduce the cost of paying an invoice by as much as 90%. According to the IMA study, the most common means of integrating systems is through the use of spreadsheets. When a purchaser requests an adjustment to its account for a purchase return, it will send a credit memo to its vendor. When a company fails to control the input accuracy of its vendor invoices, it can result in misstated liabilities.

Explanation / Answer

Answer:

1. E-payments technologies can reduce the cost of paying an invoice by as much as 90%.

TRUE

Explanantion:

EDI and XML-based technologies used to make payments which are settled through theACHnetwork, wire transfer or debit or credit card

2.When a company fails to control the input accuracy of its vendor invoices, it can result in misstated liabilities

TRUE

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