What is a Work flow? And take Retail shop as example and explain the Work flow of the Retail shop. Send the diagram/flowchart of the Retail shop Work flow.

ABC had accounts payable of $150,000.00 on its books for the year ended 12/31/ year 1 before consideration of the following:Invoice # 104 dated 01/03/year 2 in amount $5,000.00 for product shipped 12/24/year 1 and received 12/27/year 1, terms FOB shipping point.Invoice # 587 dated 01/04/year 2 amount 10,000.00 for product shipped 12/27/year 1 and received 01/03/year 2, terms FOB shipping point.invoice...

reenayogi

 Profile Answers by reenayogi Questions by reenayogi

• Dec 21st, 2007

I think it is Application Management Services

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ketavarapu

 Profile Answers by ketavarapu Questions by ketavarapu

• Dec 17th, 2007

Because these exps are paid/payable to persons. person includes Sole Proprietor, Partnership Firms, HUF, Co; etc.Personal accounts always appear in B/S until it is transfered to expenditure by debiting to P&L A/C.

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How does it works? Where does it works? What is the journal entry for that. Where it comes in the final account?

Latif

• Nov 23rd, 2007

Accurual basis means recognising the expenses/income which is accrued to the period.But the actual expenditure is not paid.ie.,there is no outflow of cash.say for example rent for the month of march i...

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raja4uever

 Profile Answers by raja4uever Questions by raja4uever

• Nov 21st, 2007

An Indemnity is a sum paid by A to B by way of compensation for a particular loss suffered by B. The indemnifying party (A) may or may not be responsible for the loss suffered by the indemnified party...

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Mohamed Najeeb

• Oct 30th, 2007

Oracle and SAP

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vaishnavi

• Sep 19th, 2007

Before invoice is approved we need to check the Purchase order number, amount, VAT Number, name......

ch.v.rama krishna rao, chirala

• Jul 18th, 2007

Before approval it is mandatory to observe the purchase invoice, debit note, previous payments, purchase discounts, credit period, supplier cash discount policy etc.

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Ajit

• Sep 10th, 2007

An example of invoice dispute was not finding the vendor bank account & contact number. Although many attempts were made for this payment but could not locate the 'one time vendor' (one time of purcha...

Mansukh Gambhava

 Profile Answers by Mansukh Gambhava Questions by Mansukh Gambhava

• Mar 31st, 2007

Any dispute related invoice like quantity, Quality, Rate, taxes and other commercial and technical term, we have to strictly accept as per Purchase Order and solve the problem. 

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arshad

• Aug 15th, 2007

Rest if this amount  ie 50/- paid -(25/- good received) should be kept as advance  for next year 

ZainAziz

 Profile Answers by ZainAziz Questions by ZainAziz

• Aug 1st, 2007

Enter the rest of the amount as a Credit Memo

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Marget

• Aug 11th, 2007

Paykey is the copy of invoice or other support documents which have been scaned by scaner and saved in computer.

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What is meant by functional specifications involved in PO and AP?How do you find out one organization using multi-org or single org?What is the difference between balance, account, none (automatic offset methods)?Difference between manual payment and quick payment?Purchasing and payables done at which level, Operating Unit level or SOB level?

Arta

• Jul 19th, 2007

Aging dates is a age of your owes to the supplier of purchased goods or service in credit.Date of closing 30 June 2007. Received invoice for purchase the goods dated as 25 June 2007, so during the closing time 30 June 2007, the aging will be 5 days.

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kram kotesh

 Profile Answers by kram kotesh Questions by kram kotesh

• Jun 24th, 2007

CTC which means Cost To Company it includes what we are getting the benefits from the company E.g.  Basic+HRA+PF+Performance incentives.Provident Fund company contribute the half of the amount it...

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