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What is the full cycle of both AP & AR?

Answer Posted / lakshmi

ap life cycle means procure to pay process its start with

purchase requistion
purchase oreder
goods reciept
invoice receipt
paymet to vendor.

ar life cycle start with

inquiry
qutation
saled order
delivey noet
goods issue
order invoice
debit/ credit memo(if need)

Is This Answer Correct ?    14 Yes 3 No



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