Bank PO Questions

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.

Telecom Secretary J S Deepak was on Wednesday named India’s next Ambassador to the World Trade Organisation (WTO) from June this year. A 1982 batch IAS officer from Uttar Pradesh, Deepak, who is at present attending the World Mobile Congress at Barcelona, has been shifted with “immediate effect” from the telecom ministry and has been made Officer on Special Duty in the commerce department.

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.

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Random mutations are the ultimate source of genetic variation. Mutations are likely to be rare and most mutations are neutral or deleterious, but in some instances, the new alleles can be favored by natural selection. Polyploidy is an example of chromosomal mutation.

Mutations are changes in the DNA. A single mutation can have a large effect.

1) mutation - an alteration in DNA sequence, various types

2) intragenic recombination - results in entirely new associations of genes not present in either parental genome.

Two forms of intragenic recombination:

a) crossing over
b) independent assortment
3) reticulation – acquisition of genetic material from unrelated or relatively unrelated sources (e.g., hybrid species, horizontal gene transfer).

Manabendra Nath Roy, known as M.N. Roy was an Indian revolutionary, radical activist and political theorist, as well as a noted philosopher in the 20th century. Roy was a founder of the Mexican Communist Party and the Communist Party of India.

The Kargil War, also known as the Kargil conflict, was an armed conflict between India and Pakistan that took place between May and July 1999 in the Kargil district of Kashmir and elsewhere along the Line of Control (LOC). In India, the conflict is also referred to as Operation Vijay.