Payment when expense is incurred. If an expense is paid for at the point where it is
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Payment when expense is incurred. If an expense is paid for at the point where it is incurred, it does not enter the accounts payable account. In large organizations, it is relatively rare to see payments when expenses are incurred. The only place where this usually occurs is the petty cash fund.
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Health Care Finance Basic Tools For Nonfinancial Managers
ISBN: 9780763778941
3rd Edition
Authors: Judith J. Baker, R.W. Baker
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