the central bank is busy environment and process enormous number of invoices on daily basis only after those invioces gone thought a rigorous process of predifad payment procedures, on the newly recruited staff of the bank would like to buy a computer for his daily office work and he wants to know the process circle. expalain the formal entire circle of payment proess for this computer?
the central bank is busy environment and process enormous number of invoices on daily basis only after those invioces gone thought a rigorous process of predifad payment procedures, on the newly recruited staff of the bank would like to buy a computer for his daily office work and he wants to know the process circle.
expalain the formal entire circle of payment proess for this computer?
The payment process circle for buying the computer at the central bank typically involves multiple formal steps. Maintaining these steps is mandatory, so, the firm can be compliant with legal compliance, and the system will be more transparent and accountable to manage the payment process. The rest of the answers are shown below,
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