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Accounts Payable Test (Upwork)
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Avg score: 30% • Most missed: “Why is the purchasing department critical to accounts payable?”

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Accounts Payable Test (Upwork)
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25 Questions

1. What is the definition of a company's current ratio?
2. If accounts payable set up an in-house web page for their daily functions
3. A common rule for companies to avoid a duplicate payment is the following.
4. If AP pays from a statement
5. What is another term for a supplier?
6. What is one of the fastest growing mediums for fraud?
7. Per annum means which of the following?
8. How should AP deal with check kiting?
9. Your company accidentally sent a duplicate payment. Where is this money sent?
10. True or False? When a bill is paid
11. When is the best time to enact fraud detection measures?
12. Which of the following is a common problem with invoices?
13. True or False? Entertainment and travel is generally a part of accounts payable.
14. In the context of accounts payable
15. What is a secured creditor?
16. If a company charges 0.8 percent interest monthy on a monthly balance what is the interest per annum?
17. True or False? A vendor invoice is sent from a vendor to a company for some services or goods rendered.
18. What is a risk of the purchasing department not granting a rush check?
19. What types of checks do corporations typically use?
20. What are procurement cards used for?
21. A reduced price for a certain product is called which of the following?
22. What are payment gateways used for?
23. Do the rebates procurement card vendors offer exceed discount offers for prompt payment?
24. What aspect is most important about the relationship between purchasing and accounts payable?
25. If your company is offering your customers a 2/10 net 30 discount

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