Course # & Name 1.

Diploma in ERP Systems

Module # & Name 1.2 Financial Accounting

Assessment Material –
Solutions

Lesson # & Name

1.2 8. Accounts Payable
This lesson introduces the participants to (a) concepts of Procurement Cycle and Accounts Payable (b) concepts of
Invoice Verification process and practical demonstration of the same on the ERP system (c) concepts of manual and
automatic Payment process and practical demonstration of same on the ERP system

At the end of this lesson, the participant shall understand how to post vendor invoices in an ERP system and make
payments against those invoices

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 1.2.8 Accounts Payable

CONTENTS
1. Solutions - Fill up the Blanks

2. Solutions - Multiple Choice Questions

3. Solutions - Match the following

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 1.2.8 Accounts Payable

I. Solutions: Fill up the blanks

1. Purchase Requisition

2. Purchase Order

3. Purchase Order

4. Purchase Requisition

5. Logistics Invoice Verification

6. MIRO

7. Down-payment

8. Open

9. Credit

10. “V”

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 1.2.8 Accounts Payable

II. Solutions: Multiple Choice Questions

1. (c)

2. (a)

3. (d)

4. (d)

5. (b)

6. (c)

7. (c)

8. (c)

9. (b).

10. (d)

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 1.2.8 Accounts Payable

III. Solutions: Match the following

1 RFQ Net Posting ( 8 )

2 MIRO Goods Receipt ( 3 )

3 MIGO Cheque ( 6 )

4 Purchase Requisition Invoice Verification ( 2 )

5 Delivery Costs Request for Quotation ( 1 )

6 Payment Method Freight Charges ( 5 )

7 Payment Run F110 ( 7 )

8 Cash Discount Posting Indent ( 4 )

9 Invoice Status MRBR ( 10 )

10 Release Blocked Invoice Park ( 9 )

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