Which of the following is true regarding the proper procedure for approving vendor invoices for services for payment!
O Since there is no receiving report, there is no formal approval process for service involces - Accounts Payable accountants user reasonable judgment to approve invoices
O None of the these are true.
O Procedures surrounding approval of vendor invoices for services are the same as those followed to approve vendor invoices for goods.
O Vendor invoices for services are approved by a management level employee whose responsibilities include monitoring delivery of the service to ensure the service was satisfactorily provided.
O Approval of service invoices should be performed in a timely manner after payment.
