Answer Posted / balamurugan k
The procure-to-pay systems enable the integration of purchasing department with account payables department is known as P2P.
The following steps involved in P2P cycle:
-Create Requisition
-Create Purchase Order
-Create Receipt
-Create Invoice in Payables
-Making a Payment
-Transfer to General Ledger
| Is This Answer Correct ? | 7 Yes | 0 No |
Post New Answer View All Answers
if my salary is 12000 per month how much i will get after deducting PF an ESI
Tell me in accounting, how do you define premises?
we had company we provide work others they deducted tds how to pass entries in my company please tell me
What can go wrong if you have a balance sheet with a lot of debt? What can go wrong if there is negative owner's equity? What does a good cash flow statement look like and why?
Is there a difference between accounting for conversion of bonds and accounting for the conversion of preferred stock?
1.A Company with a net income of $ 7,650 in a year and has 3,000 outstanding shares. Calculate the Earning per Share (EPS).
List of Indian accounting standards and international financial reporting standards
Equipment A has a cost of Rs.75,000 and net cash flow of Rs.20000 per year for six years. A substitute equipment B would cost Rs.50,000 and generate net cash flow of Rs.14,000 per year for six years. The required rate of return of both equipments is 11 per cent. Calculate the IRR and NPV for the equipments. Which equipment should be accepted and why?
shares convert into share capital what is the journal entry? how many ledgers need to create?
i want to know f form and how to use and how can purchase
we have a bill for billing software modification, i want to know that which head post this entry in tally & also tds applicable or not.
Tell me what is working capital?
service tax calculated on agreement value or market value whichver is higher for builders?
How use Budget in SAP, i want to see the report of variant between budget and actuals.
how to create salary and pf statement in excel sheet?