Question

What is a supplier invoice?

1) part of accounts payable
2) an independent accounting function
3) a treasury function
4) part of the general ledger department

Answer 1

The correct answer is 1) part of accounts payable.

Step-by-step explanation:

A supplier invoice is a document issued by a supplier to a buyer, requesting payment for goods or services provided. It serves as a record of the transaction and includes details such as the quantity, price, and terms of the purchase.

Regarding the options provided in the question, a supplier invoice is indeed part of accounts payable, as it represents an outstanding liability owed by the buyer to the supplier. It is not an independent accounting function or a treasury function. While a supplier invoice is recorded in the general ledger department, it is not part of the department itself.