Elegant Technosoft Interview Questions and Answers

P2P types of PO refer to peer-to-peer purchase orders, while standard PO is a traditional purchase order used in business transactions.

• P2P types of PO involve direct transactions between individuals or businesses without the need for intermediaries

• Standard PO is a formal document issued by a buyer to a seller outlining the details of a purchase agreement

• Examples of P2P types of PO include online marketplaces like eBay ...read more

An entry for AP refers to recording a transaction in the accounts payable ledger.

• An entry for AP includes the date of the transaction, the vendor name, the amount owed, and any relevant invoice numbers.

• It is important to accurately record AP entries to ensure proper tracking of outstanding payments.

• AP entries are typically made when goods or services are received on credit from a vendor.

• Examples of AP entries include r...read more