RNS INFRASTRUCTURE Store Accountant Interview Questions and Answers

AP invoices refer to accounts payable invoices, which are bills or invoices received from vendors or suppliers for goods or services purchased on credit.

• AP invoices are a crucial part of the accounts payable process.

• They represent the amount owed by a company to its vendors or suppliers.

• AP invoices typically include details such as the vendor's name, invoice number, date, description of goods or services, quantity, uni...read more

AP process stands for Accounts Payable process which involves managing and recording all the outgoing payments of a company.

• AP process involves receiving and verifying invoices from vendors

• Matching invoices with purchase orders and receipts

• Recording and tracking payments

• Resolving any discrepancies or issues with vendors

• Generating reports for management

• Examples of AP process software include SAP, Oracle, and QuickBooks

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

• Accounts payable is a liability account that shows the amount a company owes to its vendors or suppliers.

• It is recorded in the balance sheet under current liabilities.

• Accounts payable can include invoices for goods or services received but not yet paid for, as well as expenses that have been incurred...read more