Exams

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.

Air Pressure can be defined as the pressure of air in the earth's atmosphere. It reaches a maximum of about 100,000 Pa near sea level and decreases as altitude increases.

The barometer is an instrument which is used for measuring Air pressure.

Physics instruments and their uses:

Barkometer  - - - Tanning liquors used in tanning leather

Bolometer  - - - Electromagnetic radiation

Spectrometer - - -  Properties of light.

The Debit balance recovery is usually made by raising a credit memo for the regular vendors. However if there are no future transactions from the supplier, we ask the vendor to send the check / make an EFT for the amount due from him. When payment is made to the wrong vendor or payment made in excess, in that case overpayment has gone to the vendor, so for us it is vendor debit balance. For debit balance recovery, we can either follow- up with the vendor to send us the excess amount / refund back, or we can adjust that extra amount in future invoices submitted by that vendor. In case no future transactions, we have to follow-up with the vendor, failing which we have to write off this amount. 

Rafael Nadal defeated Daniil Medvedev in the men's singles title at the 2019 US Open. It was Nadal's 19th Grand Slam singles title, and fourth US Open title.

Given 21% of 500 + 31% of 1100 - 30% of 790 = ?

? = 21 x 5 + 31 x 11 - 3 x 79

? = 105 + 341 - 237

? = 446 - 237

? = 209.