Business Accounting Finance Marketing and HR :: Accounts Payable Job Interview Questions and Answers

Accounts Payable Interview Questions and Answers will guide us here that Accounts payable is a file or account that contains money that a person or company owes to suppliers, but has not paid yet and a form of debt. When we receive an invoice we add it to the file, and then we remove it when we pay. Learn Accounts Payable basic and advance concepts by out Accounts Payable Interview Questions and Answers Guide.

1 ► What are steps to define supplier?
2 ► 1. If assume we paid 50/- as an advance for worth or 100/- goods, but our supplier sent only up to 25/- worth of goods. Know my question is that we want to close the transaction now. How it possible?2. What about VAT like Tax Setups in AP and AR?3. what about the SWEEP command in AP?
3 ► What steps would you take before making a payment?
4 ► What is meant by liabilities?
5 ► What is debit and credit from the banks point of view?
6 ► What is FBT (Fringe Benefit Tax)?
7 ► What do you understand by Intercompany Settlement?
8 ► What is an IFA?
9 ► What do you mean by WCC?
10 ► What do you understand by Open Item Managed Account?
11 ► How does the payment mechanism work?
12 ► How is a PO (Purchase order created)?
13 ► What is the difference between SAP MEMORY and ABAP MEMORY?
14 ► What is the difference between Consignor and Consignee?
15 ► What procedure for excess payment to supplier I would like know without adjusting invoice that means how supplier will send back excess amount how do in oracle apps?
16 ► What is the meaning of invoice?
17 ► What steps would you take before approving an invoice for payment?
18 ► What is the difference between billable and non-billable expenses?