James Interview Questions and Answers

Non-PO refers to purchases made without a purchase order.

• Non-PO purchases are made without a formal purchase order.

• These purchases are typically made for urgent or small items.

• Non-PO purchases may require additional approval or documentation.

• Examples of Non-PO purchases include office supplies, travel expenses, and minor repairs.

FB03 is a transaction code in SAP used to display financial accounting documents.

• FB03 is used to view accounting documents such as invoices, credit memos, and payment receipts.

• It allows users to search for documents based on various criteria such as document number, posting date, and company code.

• FB03 also provides options to display document details, line items, and accounting entries.

• It is commonly used by finance an...read more

Fixed assets can be categorized into tangible and intangible assets.

• Tangible assets include property, plant, and equipment (PPE), such as buildings, machinery, and vehicles.

• Intangible assets include patents, copyrights, trademarks, and goodwill.

• Fixed assets are long-term assets that are not intended for sale and are used in the production of goods or services.

• Fixed assets are recorded on the balance sheet and are subje...read more

GL stands for General Ledger. It is a record-keeping system that contains all financial transactions of a company.

• GL is used to track and manage financial transactions such as sales, purchases, and expenses.

• It helps in creating financial statements like balance sheets and income statements.

• GL is an important part of accounting and financial management.

• Examples of GL software include QuickBooks and SAP.

• GL accounts are c...read more

Receivables refer to the money owed to a company by its customers for goods or services provided on credit.

• Receivables are recorded as assets on a company's balance sheet.

• They represent the amount of money that a company expects to receive from its customers.

• Receivables can be short-term or long-term depending on the payment terms agreed upon with the customer.

• Examples of receivables include outstanding invoices, loans...read more