AFP
CTP · Question #228
(Topic 3) ABC Corporation receives images of paid check exception items from its bank and reviews them daily. What action should be taken on an item where the payee on the image does NOT match the…
The correct answer is D. No-pay decision is communicated to the bank. See the full explanation below for the reasoning.
Question
- (Topic 3)
ABC Corporation receives images of paid check exception items from its bank and reviews them daily. What action should be taken on an item where the payee on the image does NOT match the data from ABC Corporation's accounts payable?
Options
- ABank alerts payee that check is unmatched.
- CImage remains stored on ABC Corporation's network for future customer inquiries.
- DNo-pay decision is communicated to the bank.
How the community answered
(24 responses)- A17% (4)
- C13% (3)
- D71% (17)
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