Hewlett Packard Enterprise Accounts Payable Executive Interview Questions and Answers

The accounts payable cycle is the process of receiving, verifying, and paying invoices from vendors.

• Invoices are received from vendors for goods or services provided

• Invoices are verified for accuracy and approved for payment

• Payments are made to vendors within the agreed upon terms

• The cycle repeats for each invoice received

Credit demo is a demonstration of how credit is applied to an account or transaction.

• Credit demo shows how credit is allocated to specific accounts or transactions.

• It helps in understanding the process of crediting accounts accurately.

• Examples include showing how a credit memo is applied to an invoice to reduce the amount owed by a customer.

Debit memo is a document issued by a buyer to inform a seller of a deduction in the amount owed due to returned goods or other reasons.

• Debit memo is used to notify the seller of a reduction in the amount owed.

• It is typically issued when there are discrepancies in the invoice, returned goods, or other reasons for a deduction.

• The seller may then adjust their accounts receivable to reflect the reduced amount.

• Debit memos a...read more