Final answer:
A vendor does send a confirmation, usually in the form of an invoice, to establish the payable. This true statement is a fundamental aspect of accounts payable management in business finance.
Step-by-step explanation:
The statement that a vendor sends a confirmation to establish the payable is true. When a vendor provides goods or services to a business, they normally issue an invoice that details the transaction and establishes the amount that the business owes to the vendor, which is called the accounts payable. The business will record this in its accounting system, confirming the amount to be paid and subsequently schedules it for payment. This process is critical in accounts payable management, ensuring that all financial obligations are tracked and paid on time, thus maintaining a good relationship with suppliers and efficient cash flow management.