Which of the following is NOT a term of payment for Vendors? A. Net 15 B. Cash on Demand C. Net 90

Vendors are owed payments for which of the following reasons?

A. Services not yet rendered.

B. Services previously rendered.

C. Services to be rendered in the future.

Which of the following stores is likely to have a large number of vendors?

A. Target

B. Home Depot

C. Sears

D. All of the Above

A Subsidiary Accounts Payable Ledger is created for which of the following reasons?

A. To create a more efficient method of organization.

B. To know how much is owed to specific vendors.

C. Both A & B