Material Manager Question:
Tell us what do you understand by posting period?
Answer:
Various documents like purchase order, request for quotation, goods receipt are essential documents in a business. These documents need security i.e. if any of documents is posted incorrectly then business can be affected at various concern levels. So, to secure these documents we have a concept of posting period. Posting period means it will allow you to post and make changes in the documents only in a specific time period.
| Previous Question | Next Question |
| Explain what is difference between purchase requisition and purchase order? | How can the value of inventory be determined? |