Term
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Definition
| a recurring set of business activities and related data processing operations associated with the purchase of and payment for goods and services. |
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Term
3 Activities of Expenditure
Cycle |
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Definition
1. Ordering
2. Receiving
3. Paying |
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Term
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Definition
| Generate the Purchase Order that serves as the customer input to the Sales Order Entry process |
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Term
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Definition
| Handle the goods sent by supplier's Shipping Function |
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Term
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Definition
| Generate the payments that are processed by the supplier's Cash Collection Activity |
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