Accevate Technologies Procurement Associate Interview Questions and Answers

Q1. Golden rules of accounting Accounts payable Accounts receivable Bank reconciliation Terms of invoice
Ans. 
The golden rules of accounting are fundamental principles that guide the recording of financial transactions.
• The golden rules of accounting are based on the principles of debit and credit.

• Accounts payable refers to the money a company owes to its suppliers or vendors for goods or services received.

• Accounts receivable refers to the money owed to a company by its customers for goods or services provided.

• Bank reconciliati...read more
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