Correct Answer: Purchasing good two kinds of entry Either Cash or Credit If Cash Purchase A/c ------ Dr xx To Cash A/c (Being good purchase on cash) If Credit Purchase A/c ---- Dr To Supplier A/c (Being goods purchase on Credit)

Correct Answer: Software Technology Parks of India (STPI)Some of the software service providers will get exemption from STPI for their software exports In accounts payable may be we need to define the vendor STPI location wise In India we have different STPI location If one vendor supplying services or materials to all OR some of the STPI locations we need to maintain the same vendor STPI wise

Correct Answer: Axis Bank

Correct Answer: 1000

Correct Answer: Accounts payable refer to the current liability of a business or an organization That is the unsettled payments in a business or an organization refers to Accounts payable Bills payable refers to bills settled In other words the paid and accepted recorded bills in a business or an organization refers to bills payable

Correct Answer: Back end collections means like commission on sales or commission on providing services Front end collections means like sales and providing services

Correct Answer: To reduce the government share in the public sector

Explanation:

Disinvestment is the action of an organization or government selling or liquidating an asset or subsidiary.

Correct Answer: The difference between Debentures and Preferential Shares is as follows: 1) Person holding debentures has owed money to a company, while Preferential Shareholder could be considered as a partial owner of the company 2) A Preference shareholder earns dividends if the company is making profits, however a debenture holder needs to be paid irrespective of making profits or losses 3) A debenture holder would be paid the capital invested at the end of a stipulated term A preference shareholder is not promised return of capital invested; instead he earns dividends till the time the company exists and is profitable 4) A debenture holder earns interest on the capital invested till the capital is not returned, while a preference shareholder is paid dividends till the time the company exists

Correct Answer: You can use document parking to enter and store (park) incomplete documents in the SAP System without carrying out extensive entry checks

Correct Answer: 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