Mechanical Engineering & Contracting Co. 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