What is three Way Matching Concept?
Submitted by: MuhammadWhen we creating the invoice in 3-way matching invoice price and po price receipt price should be match.
Submitted by: Muhammad
Submitted by: Muhammad
3 way matching is to compare three documents i.e.,
1. Purchase order
2. Receipt of Items/Packing slip
3. Invoice.
For example, if we Order for 50 Items in purchase order and received 40 Items
only instead of 50 items. But we received invoice for 50 items. After comparing
the three documents we pay for only 40 Items..
Regards Ashok
Submitted by: Ashok Ponnam
1. Purchase order
2. Receipt of Items/Packing slip
3. Invoice.
For example, if we Order for 50 Items in purchase order and received 40 Items
only instead of 50 items. But we received invoice for 50 items. After comparing
the three documents we pay for only 40 Items..
Regards Ashok
Submitted by: Ashok Ponnam
Read Online Accounts Payable Job Interview Questions And Answers
Top Accounts Payable Questions
| ☺ | What is the difference between Consignor and Consignee? |
| ☺ | What is the difference between billable and non-billable expenses? |
| ☺ | What steps would you take before approving an invoice for payment? |
| ☺ | Accounts payable interview questions part 2: |
Top Accounts Categories
| ☺ | Accounting Interview Questions. |
| ☺ | Accounts Payable Interview Questions. |
| ☺ | Senior Accountant Interview Questions. |
| ☺ | Junior Accountant Interview Questions. |
| ☺ | Audit Interview Questions. |
