Bank Exams Questions

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The "aha!" experience is known as insight learning.

In accounting, the Three-way Match refers to a procedure used when processing an invoice received from a vendor or supplier. The three-way match is an important step in safeguarding an organization's assets. The purpose of the three-way match is to avoid paying incorrect and perhaps fraudulent invoices.

Here Three-way refers to the three documents involved :

* Vendor's invoice which was received and will become part of an organization's accounts        payable if approved.

* Purchase order that was prepared by the organization.

* Receiving report that was prepared by the organization.

And Match refers to the comparison of the quantities, price per unit, terms, etc. appearing on the vendor's invoice to the information on the purchase order and to the quantities actually received.

After the vendor's invoice has been validated by the three-way match, it can be further processed for payment.

Madhya Pradesh has won the 'Best Tourism State' national award for the third consecutive year. President Ram Nath Kovind handed over the award, named as 'Hall of Fame Award', to Minister of State for Tourism Surendra Patwa at a ceremony held at Vigyan Bhawan in New Delhi.

The Daman Ganga also called DawanRiver is a river in western India. The river's headwaters are on the western slope of the Western Ghats range, and it flows west into the Arabian SeaThere is an existing major irrigation project on the river called the Damanganga Reservoir Project, whichis located near Madhuban village in Dharampur taluka of Valsad district of Gujarat.It is an inter-state multipurpose project of the Govt. of Gujarat and Union Territories of Dadra & Nagar Haveli (D&NH) and Daman. The storage of this project is shared by the riparian states of Gujarat, Union Territories of Dadra & Nagar Haveli and Daman & Diu as beneficiary States.

The world's fastest elevator that can operate at a record speed of 1,260 meters per minute is set to be installed in a skyscraper complex in China. The elevator has various safety features including brake equipment that uses materials with high heat resistance. Apart from this, the elevator can absorb vibration during the high-speed operation to make the ride comfortable.