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Which set of steps would help track accounts payable at a business?

Calculate payment amounts that are due, determine due dates for payments, identify if there is an early payment discount, and identify vendors to whom payments are due.

Calculate payment amounts that are due, extend due dates for payments, determine if there is an early payment discount, and identify invoices that are paid in full.

Calculate payment amounts that have been made, determine due dates for payments, identify if there is an early payment discount, and identify customers with payments due.

Calculate payment amounts that have been made, extend due dates for payments, identify if there is an early payment discount, and calculate the tax owed by each customer.

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Answer:

Calculate payment amounts that have been made, determine due dates for payments, identify if there is an early payment discount, and identify customers with payments due.

The steps followed to track accounts payable at a business are as follows:

Calculate payment amounts that are due, determine due dates for payments, identify if there is an early payment discount, and identify vendors to whom payments are due.

What are accounts payable?

Accounts payable is the part of current liabilities that shows the amount the business has to pay towards its vendors.

The steps for computing the balance of accounts payable is:

  1. Calculation of the due amount to the paid along with the due dates to determine the amount of discount in case of early payments;
  2. Calculate the total amount to be paid to different vendors as per their due dates.

Therefore option A. is correct.

Learn more about accounts payable, here:

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