2
Q:

What are steps to define supplier? 

Answer:
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 12
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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6 156
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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1 394
Q:

what type of account appear on a post closing trial balance?

Answer

The types of accounts that appear on the post-closing trial balance are the permanent accounts, Assets, Liability and Owner's capital. Permanent accounts is also called real accounts.

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19 1000
Q:

What entry is recorded when $75.00 worth of supplies are purchased on account?

Answer

Purchasing good two kinds of entry 


Either Cash or Credit 


 


If Cash


Purchase A/c ------ Dr  xx  To Cash A/c


(Being good purchase on cash)


 


If Credit 


Purchase A/c ---- Dr  To Supplier A/c


(Being goods purchase on Credit)

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11 1457