Purchasing - A/P

Select the Correct Combinations

• Item (Goods) - HSN Code and Service - SAC Code

• Item (Goods) - SAC Code and Service - SAC Code

• Item (Goods) - HSN Code and Service - HSN Code

• Item (Goods) - SAC Code and Service - HSN Code

Entering Location is Mandatory for A/P Invoice

• Always True

• Always False

• Sometimes True

• Sometimes False

IGST Tax codes are Selected for Intrastate (With-in same State) Purchases

• Always True

• Always False

• Sometimes True

• Sometimes False

In Journal Entry for Outgoing Payment, Vendor/Customer Account will be

• Always Debit

• Always Credit

• Sometimes Debit

• Sometimes Credit

Select the Correct one out of the Following

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• 
• 
• 

Purchase Flow Without Landed Cost and A/P Down Payment

• Purchase Request - Purchase Quotation - GRPO - A/P Invoice - Purchase order - Outgoing Payments

• Purchase order - Purchase Request - Purchase Quotation - GRPO - Outgoing Payments

• Purchase Quotation - GRPO - A/P Invoice - Purchase order - Outgoing Payments

• Purchase Request - Purchase Quotation - Purchase order - GRPO - A/P Invoice - Outgoing Payments

A/P Down Payment is Used for

• Requesting Purchase Department to make New Purchases

• Making outgoing Payment Against A/P Invoice

• Making Outgoing payment Against Purchase Order

• Requesting Stores Department to provide stock statement

Withholding Tax Can be deducted in

• A/P Invoice

• A/P Down payment Request

• A/P Down Payment Invoice

• Both A/P Invoice and A/P Down payment Invoice

• Both A/P Invoice and A/P Down Payment Request

With Holding tax / TDS will be

• Deducted from Vendor

• Paid to Vendor

• Paid to Customer

• Deducted from Government

Base Document For Landed Costs is

• A/P Invoice

• Purchase order

• Goods Receipt PO

• A/P Invoice or Purchase Order

• A/P Invoice or Goods Receipt PO