Question

How should the entries to a schedule of accounts payable be ordered?

OA. by date received
B. alphabetically by vendor name
C. by amount due from most to least
OD. by date due

Answer 1

Answer: by date received!

Answer 2

D. by date due

Step-by-step explanation:

The entries to a schedule of accounts payable should be ordered by "date due" (Option D). This means that the accounts payable should be listed in the order of the due dates, with the earliest due date appearing first and the latest due date appearing last. This makes it easier for the person responsible for paying the bills to prioritize which bills to pay first and to ensure that bills are not missed or paid late due to disorganization.