Explanation Cash Disbursements: Cash disbursements refer to the cash payments done by the companies in exchange of the goods and services during the specific period of time that is for quarterly or for yearly. c. Cash disbursement is a treasury function because cash disbursement system is responsible for handling the payment of responsibilities that are created in the purchases system. Therefore, this option is correct. a. Accounts payable is closely tied to the cash disbursements but it is not a part of accounts payable...

Accounting Information Systems 9th Edition

9th Edition

ISBN: 9781305756700

Author: Hall

Publisher: CENGAGE C

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Accounting Information Systems 9th Edition

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Solution Summary: The author explains that c. Cash disbursements refers to the cash payments done by the companies in exchange of goods and services during the specific period of time.

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