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Q:

Explain What is the difference between debenture holders and creditors? 

Answer:
Q:

What is pro forma ?

Answer

A pro forma invoice is a price quote and subject to change. Accounts Payable Services does not pay from pro forma invoices, statements, quotes or estimates.

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Q:

What is reconciliation ?

Answer

You should have recorded in your cash books all amounts you have actually received and payments you have actually made. However the cash books may be incomplete as your bank may have put extra transactions through your account such as:


► bank fees or interest charges
► direct debits (payments) and direct credits (receipts).


Doing a regular bank reconciliation will allow you to:


► take into account any extra transactions your bank puts through your account and
► check and record any errors or omissions.


By regularly doing a bank reconciliation (say monthly) you can be more confident that your records contain all the information you need to prepare your income tax return and activity statements.

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1 7
Q:

What is PO invoice ?

Answer

For material/Goods Purchases, the Po is required. In the Po, QTY, Product Name, Where is delivery price, Terms and Conditions. In the po there is no matter of final amount. It is just the approximate amount.

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1 105
Q:

What is a Parked Report ?

Answer

You can use document parking to enter and store (park) incomplete documents in the SAP System without carrying out extensive entry checks.

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6 217
Q:

what is the difference between the terms 'credit' and 'debit' from the customer point of view?

Answer

 From the customer point of view, credit is the amount which is deposited into her or his account. And debit refers to that amount which is taken from the account of the customer.

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