FA 1 Section - Books of prime entry | Purchase day books, purchase return day books
6 important questions on FA 1 Section - Books of prime entry | Purchase day books, purchase return day books
What is a purchase order?
- What is a purchase invoice?
- What do you always have to do with a purchase invoice?
Check it against all the purchase documents and then code it according to the coding policy used.
What happens with the purchase invoice after you have code it and it has been authorised?
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What is batch posting?
The purchase day book is totalled at the end of the week or month why?
- Net value;
- Sales tax;
- Total amount of money owed to suppliers;
Where have credit notes received by a supplied have to be entered?
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