4. Payables

The Payables process followed is:

Vendor Bills are always registered against a Purchase Order, Capital Purchase Order or a Work Order.

• When a Bill is registered against a Purchase Order that Purchase Order must have at least one MRN to be adjusted. The MRN denotes the liability towards the Supplier (Vendor) of the Material. The total of the MRN is settled against the bill amount with the difference Debited or Credited to the Vendor's Sundry Creditor Account (Party Account under Sundry Creditor)

The process to follow for Registering a Bill against a Purchase Order is:

• When a Bill is registered against a Capital PO - the Machine(s) must have been received through a Capital MRN. One or more Capital MRNs will be settled against the Bill.

The process for registering a Bill against a Capital PO is:

• When a Bill is registered against a Work Order - one or more Approved Measurement Sheets are settled against the Bill - the total of the Work done in the selected Measurement Sheets is credited to the Sundry Creditor's Ledger for the Vendor (Subcontractor) Party.

The process for registering a Bill against a Work Order is:

Once the Bill has been registered it can be paid. The process to pay a Bill is: