ACC 290 University of Phoenix Accounts Payable Discussion
I’m working on a accounting discussion question and need an explanation and answer to help me learn.
In July, the accounts payable (A/P) clerk asked you to open an account named New Expenses. You know an account name should be specific and well defined, and you’re afraid the A/P clerk might charge some expenses to the account that are inappropriate.
Respond to the following in a minimum of 175 words:
- Why do you think the A/P clerk needs the New Expenses account?
- Who needs to know this information, and what action should you consider?
