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1. What do you mean by price variation in Purchase Invoice?
2. How to account freight cost, handling charges, purchase tax at the time of raising a
Purchase Order?
3. What is a Non-PO Invoice?
4. What is a tolerance limit with respect to invoice processing?
5. What is debit and credit from the banks point of view?
6. In the invoice, the value of the tax code is not present but in the idoc the value of the
tax code is present. How to populate it in the invoice using the IDOC?
7. Please explain end to end process of accounts payable?
8. What is a Work flow? And take Retail shop as example and explain the Work flow of
the Retail shop?
9. What is the difference between Payments-Liquidation(Disbursements) & Dividend
Warrants Liquidation?
10. What are the steps involved in finalization?

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Accounts payable interview questions and answers pdf

  • 1. 1. What do you mean by price variation in Purchase Invoice? 2. How to account freight cost, handling charges, purchase tax at the time of raising a Purchase Order? 3. What is a Non-PO Invoice? 4. What is a tolerance limit with respect to invoice processing? 5. What is debit and credit from the banks point of view? 6. In the invoice, the value of the tax code is not present but in the idoc the value of the tax code is present. How to populate it in the invoice using the IDOC? 7. Please explain end to end process of accounts payable? 8. What is a Work flow? And take Retail shop as example and explain the Work flow of the Retail shop? 9. What is the difference between Payments-Liquidation(Disbursements) & Dividend Warrants Liquidation? 10. What are the steps involved in finalization?