Final answer:
An enterprise system facilitates the AP/CD process by linking the PO with receiving reports, invoices, and related cash disbursements, thus streamlining the verification and payment processes. The correct answer is D. ALL OF THE ABOVE.
Step-by-step explanation:
An enterprise system plays a crucial role in the automation and integration of a company's core business processes. In the context of accounts payable and cash disbursements (AP/CD), an enterprise system can greatly facilitate and streamline the process by effectively linking several key documents and workflows. These include:
- a. the Purchase Order (PO) and receiving report: This connection ensures that the goods or services received are matched with the original PO, which helps in verifying that orders are fulfilled correctly.
- b. the PO and invoice: Linking these two documents enables the verification of invoices against the original PO to confirm that the prices and quantities billed correspond to what was ordered.
- c. the invoice and the related cash disbursements: This linkage facilitates the payment process, ensuring that payments are made only for invoices that have been verified and approved.
- d. ALL OF THE ABOVE
Therefore, the correct answer to the question is D. ALL OF THE ABOVE. By integrating the PO, receiving reports, invoices, and cash disbursement records, an enterprise system minimizes errors, enhances control over the payment process, and improves overall efficiency.