how will decide that vender payment is ok without reco
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Answer / Ashish Kumar Mishra
To decide that a vendor payment is acceptable without a receipt, consider the following factors:
1. Previous history with the vendor (reliability and quality of service)
2. Consistent invoicing and billing procedures
3. Comparison to industry standard prices for similar goods or services
4. Internal controls and approval processes in place
5. Verification of the payment through bank statements, electronic records, or other documentation.
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