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What is P2P cycle.
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Answer Posted / rajendra potnuru
P2P cycle steps:
1.Requisition (Requirement of goods)
2.RFQ (Request for quotation)
3.Quote Analysis
4.Supplier identified
5 Purchase Order raised to selected supplier
6.Receipt of goods (GRN)
7.Inspection of goods
8.Approval of Invoice
9.Making Invoice payment
10. Invoice finally transferred to GL.
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