A STUDY ON THE ACCOUNTS PAYABLE PROCESS AND ANALYSE ITS ROLE IN ENSURING FINANCIAL ACCURACY AND TIMELY PAYMENT TO VENDORS

The study concludes that the Accounts Payable process plays an important role in maintaining financial accuracy and ensuring timely vendor payments. Effective invoice verification, proper internal controls, and efficient payment procedures improve operational efficiency, reduce financial errors, and strengthen vendor relationships, contributing to the overall financial performance and stability of the organization.

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