Question

At the time that an AP/CD process makes payment for goods or services, the process generally follows which order:

a. select and record payments, prepare proposed payments, issue and record disbursements
b. prepare proposed payments, issue and record disbursements, select and record payments
c. issue and record disbursements, select and record payments, prepare proposed payments
d. prepare proposed payments, select and record payments, issues and record disbursements

Answer 1

The correct order for an AP/CD process to make payment for goods or services is to prepare proposed payments, select and record payments, and then issue and record disbursements.

Step-by-step explanation:

The correct order followed by an AP/CD process when making payment for goods or services is d. prepare proposed payments, select and record payments, issue and record disbursements.

In this order, the AP/CD process begins by preparing a list of proposed payments, which includes gathering the necessary information about the goods or services being paid for. Once the proposed payments have been reviewed and approved, the process moves on to selecting and recording the payments, which involves the actual authorization and documentation of the payments to be made. Finally, the process concludes with issuing and recording the disbursements, which includes the actual distribution of funds and recording the transaction.