Answer / somesh

If you use Accrual Basis Accounting, Payables records variances when you approve and post a purchase order matched invoice distribution. Variances are the differences between the purchase order and invoice in Price, Quantity, and, for foreign currency transactions, Exchange Rate.

Answer / prasad

Invoice Price Variance (IPV) - The difference in between the Purchase Order Price & Invoice accounted price.

Hello sirs, Can any body could Explain how to raise invoice through Electronic method and later i want to mak payment through cheque method. What set up I Need to do for that. I Faced this question in the interview

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