Before paying a Port St. Lucie supplier, accounts payable compares the submittal invoice, the authorized commitment, and the delivery receipt. What administrative control is being applied?
Correct Answer
D) Three-way match
A three-way match compares the invoice, purchasing authorization, and receipt evidence before payment.
Why This Is the Correct Answer
A three-way match compares the invoice, purchasing authorization, and receipt evidence before payment.
Why the Other Options Are Wrong
Option A: retainage aging report
retainage aging report puts the item in the wrong financial bucket, timing, base, or comparison for the financial classification.
Option B: insurance renewal review
insurance renewal review puts the item in the wrong financial bucket, timing, base, or comparison for the financial classification.
Option C: subcontractor closeout
subcontractor closeout puts the item in the wrong financial bucket, timing, base, or comparison for the financial classification.
Memory Technique
Controlling and compares point to different ledger roads for Bookkeeper Reviews.
Reference Hint
Open-book path: tab Contractor's Manual, 2025 to Business Administration, Accounts Payable Controls; confirm the administrative duty, record, or control described in the stem.
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