Latest Answer : Purchase Order can be created in two ways:AutomaticallyManuallyA purchase order can be created automatically when a requistion is entered and approved, A purchase order can be generated automatically from that requistion. A purchase order can be entered ...
How to account freight cost, handling charges,purchase tax at the time of raising a Purchase Order?For example:Item to be procured= AQuantity to be procured= 10Unit Rate= 100Inward freight cost for 10 quantity (known at the time of raising PO )= Rs. 1000Handling Charges= Rs. 500Input Tax = @ 10% (on base price)
When setting up Purchase items for overhead expenses (G&A expenses) what expense GL account do you use, and what sales account GL do you use? Also, what are roll up accounts in the chart of accounts?
What are some common question asked about purchase orders?
What entry is recorded when $75.00 worth of supplies are purchased on account?
Latest 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----DrTo Supplier A/c (Being goods purchase on Credit) ...
What do you mean by price variation in Purchase Invoice?
Latest Answer : If the Invoice unit price and PO unit price is varies is known as price Variance. however users can post invoices if the variance is within threshold of 5% or $50, whichever is lower. ...
What do you mean by THREE WAY MATCHING CONCEPT for the following aspectsVoucher & receiverPurchase order, Receiver & invoiceReceiver, Invoice & VoucherInvoice, Purchase order & Voucher
Latest Answer : Matching Qty , Amount in PO , GRN & Invoice booking ...
Evaluated receipt settlement is used for __________ backed suppliesa. Paymentb. Purchase orderc. Advanced. All of these.
