Example:-

Suppose a new employee Mr Akash joins a company as Sales Executive.

He needs to get Visiting Cards Printed

Whom should he ask for approval?

His Sales Department, Accounts Department or Admin Department?

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Which Manager in Sales Department should he approach

Assistant Manager, Sales Manager Sales, Vice President Sales or Sales Head

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How should Approval be taken

Oral or Written?

By Email or Writing a Letter or Signing a Form?

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Now Suppose Approval has been taken,Who will go for purchasing Visiting Cards

Mr Akash ,his manager or some other person?

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Now there are Different Vendors in Market. How to select the Vendor for purchasing goods?

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Now suppose a vendor is Selected, What Document to be issued to him?

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Now suppose Vendor sends goods to the Company, Who will receive and check it?

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Note:-

Only after this is Invoice received by Accounts Department along with Attached PO/GRN

He performs a number of steps before,during and after passing the entries

Lets study these steps one by one

  1. Accounts and Finance
  2. AP and AR Process

About the Author

Davneet Singh's photo - Teacher, Computer Engineer, Marketer
Davneet Singh
Davneet Singh is a graduate from Indian Institute of Technology, Kanpur. He has been teaching from the past 8 years. He provides courses for Maths and Science at Teachoo. You can check his NCERT Solutions from Class 6 to 12.