BACHELOR OF BUSINESS ADMINISTRATION

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BUSINESS ADMINISTRATION

FINANCIAL ACCOUNTING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Information with respect to Vendors from whom the enterprise purchases goods and services such as purchases and payments made
A
Accounts Payable Sub-Module (FI-AP)
B
Accounts Receivable Sub Module (FI-AR)
Explanation: 

Detailed explanation-1: -Document type AB allows you to post to all accounts. All other document types restrict the types of accounts allowed. Document type DA, for example, only allows posting to customer and G/L accounts.

Detailed explanation-2: -Use the T-code F-53 or go to Accounting → Financial Accounting → Account Payable → Document Entry → Outgoing Payment → Post. Select the Document Date. Select the Company Code.

Detailed explanation-3: -Invoice. The purchase order is a document generated by the buyer and serves the purpose of ordering goods from the supplier. The invoice, on the other hand, is generated by the supplier and shows how much the buyer needs to pay for goods bought from the supplier.

Detailed explanation-4: -The Accounts Payable (AP) is the amount of money that a business entity owes to vendors/suppliers for availing of their goods/services. It is the management of short-term payment obligations to the vendor/supplier.

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