Answered step by step
Verified Expert Solution
Question
1 Approved Answer
QUESTION 1 Bolow is a narrative for the 'Make payment' process of the accounts payabla/cnsh disbursements process described in Chapter 13. Narrative Description The payment
QUESTION 1 Bolow is a narrative for the 'Make payment' process of the accounts payabla/cnsh disbursements process described in Chapter 13. Narrative Description The payment process begins with the periodic preparation of a list of payments that might be made at this time. The selection of tems for this list is based on payment due dates and terms invoices that are not due for payment yet but that can be consolidated with other payments being made to a vendor Proposed payments may be removed from the list if there are insufficient funds or if payments to a vendor are on hold. that may indicate a discount can be taken for a payment at this time. The proposed list is reviewed and amended to add additional The process of preparing the disbursement, which is equal to the amount of the invoice less any discount taken. The payment is recorded by Marking the invoice as paid on the accounts payable master data. Making an entry in the cash disbursements event data store. Sending payment data to the general ledger where an entry is made to reflect the payment Required: Ueng the the naratve deacription above, dentily the words that belong in tfema 1 to B of thih Data Flow diagram. 8. 7. s
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started