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Explian about p 2 p cycle

Asked by: Interview Candidate | Asked on: Jul 26th, 2007
Showing Answers 1 - 1 of 1 Answers

P2p cycle (procure to pay cycle)there r certain steps involved in p2p cycle1. a requision is raised2. rfq i.e request for quotation is made3.then the rfq is send to the list of suppiers.4. the quotation comes in and the best quotation is selected5.then p.o is generated against that quotation6.then the product is been supplied by the supplier7.then the invoice is been made8. then recieving reciepts r done.9. later all the transaction r done in general ledger in the new books of accounts

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