Explain the use and application of Electric data interchange.

CPA-Quantitative-Analysis-Section-4 BLOCK RELEASE

Electronic Data Interchange (EDI)
This refers to the direct computer-to-computer exchange between two organizations of standard business transaction documents.

EDI could be used to exchange documents such as invoices, bills of lading, or purchase orders as shown in the following diagram:


EDI enables speedy and more efficient transactions since it facilitates the quick exchange of business documents.

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