What are the two activities included in the Accounts Payable process?

In the context of the Accounts Payable process, the two activities that are typically included are related to the handling of invoices and the facilitation of payments. The choice highlighting "Post Invoice and Payment Program" accurately encapsulates these core functions.

Post Invoice refers to the action of recording the received invoices into the system, ensuring that they reflect the correct details and are accounted for properly in the financial records. This activity is crucial as it initiates the process of managing expenses and obligations owed to vendors or suppliers.

The Payment Program involves the systematic scheduling and processing of payments based on the organization’s cash management and operational needs. This includes determining when payments should be made and executing those payments efficiently, which is essential for maintaining good relationships with vendors and ensuring smooth operations.

These two activities are fundamental to managing accounts payable effectively and are critical for maintaining accurate financial records and cash flow in an organization.