Question
Fill in the blanks:
i. --------------- Team ensures that invoices do not have any errors.
ii. The two parameters that specify the credit terms are --------------- and --------------------.
iii. ------------------ is the most preferred collection tool.
iv. ------------- is a computer based application which allows its users to exchange messages over
computer network.
v. Poor quality results in loss of money and reputation for --------- and ----------.
i. Accounts Payable Team ensures that invoices do not have any errors.
ii. The two parameters that specify the credit terms are payment ________ ________ _______ ___________ ______ ____ ________ _______ _______ ____ __________ _____ ___________.
________ ______ ___ ____ _____________ _____________ ________ __________ _____________ __________ __ __________ _________.
___________ __________ _____________ _____ _____________ __ ______ ____________ _______ ____________.
__________ ____________ __________ _________ ____________ _________ _____ _______.
__ _________ __ _____________ ________ _________.
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True or False:
i. Sales order is sent to the customer along with the invoice.
ii. Credit assessment for an individual is done in a similar manner as that of an organization.
iii. After the order is fulfilled, the invoice can be generated.
iv. The credit entry in accounting indicates use of funds.
v. Quality results in higher costs but it needs to be maintained.
Pro-forma invoice and Standard invoice
Discuss in detail the source documents used in the Order to cash cycle.
Selling on credit
Explain the day to day issues encountered in O2C processes.
Fill in the blanks:
i. --------------- Team ensures that invoices do not have any errors.
ii. The two parameters that specify the credit terms are --------------- and --------------------.
iii. ------------------ is the most preferred collection tool.
iv. ------------- is a computer based application which allows its users to exchange messages over
computer network.
v. Poor quality results in loss of money and reputation for --------- and ----------.
Two tools used for O2C outsourcing
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