Final answer:
The responsibility for authorizing payments of an Accounts Payable liability falls on the cash disbursements function, which verifies and ensures the validity and authorization of payments.
Step-by-step explanation:
The authorization for payments of an Accounts Payable (AP) liability is the responsibility of the cash disbursements function within a company. This area is tasked with ensuring that all payments made by the company are valid, correct, and authorized before funds are released.
This typically involves verifying that the amounts to be paid are accurate based on the purchase orders, receiving documents, and vendor invoices, and that the expenditures have been properly approved in accordance with company policies.
Authorization for payments of an AP liability is the responsibility of Accounts payable. The accounts payable department is responsible for the verification and approval of invoices received from suppliers. Once the invoices are approved, they are sent to the cash disbursements department, which is responsible for making the actual payment.