A supplier statement differs from the contractor’s ledger. What should occur before payment?

California C-20 exam practice question · Business Finances

A supplier statement differs from the contractor’s ledger. What should occur before payment?

AChange the statement without support
BPay both balances
Reconcile invoices and payments
DDelete the supplier record

Why C is correct

Three-way matching and reconciliation confirm that goods were ordered, received, priced, and not already paid. Unsupported adjustment or duplicate payment damages cash and records.

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A supplier statement differs from the contractor’s ledger. What should occur before payment?

A supplier statement differs from the contractor’s ledger. What should occur before payment?

More Business Finances questions