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What are the downstream and upstream process of Accounts payable?

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Question ajoutée par Sourav Biswas
Date de publication: 2018/03/08
Joemon Jesudas karimangal
par Joemon Jesudas karimangal , accountant , Al Mutawa Travel & Tourism

The upstream stage of the production process involves searching for and extracting raw materials. The upstream part of the production process does not do anything with the material itself, such as processing the material. This part of the process simply finds and extracts the raw material. Thus, any industry that relies on the extraction of raw materials commonly has an upstream stage in its production process. In a more general sense, "upstream" can also refer to any part of the production process relating to the extraction stages and The downstream stage in the production process involves processing the materials collected during the upstream stage into a finished product. The downstream stage further includes the actual sale of that product to other businesses, governments or private individuals. The type of end user will vary depending on the finished product. Regardless of the industry involved, the downstream process has direct contact with customers through the finished product

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