Interested to Buy Any Domain ? << Click Here >> for more details...
what is the difference between Purchase order and invoice
- 7 Answers
- 18430 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / vinod.r
Puchase order is the document in which Customer will mention
the items to be required for them & also Terms of Delivery.
But Invoice is the document proof made by the supplier,
stating that they had supplied items to the customer as per
the purchase order of the customer.
| Is This Answer Correct ? | 56 Yes | 2 No |
Answer / prakash reddy
In Purchase order they will specify what are the items to be
purchased
In Invoice they specify what items we have purchased
| Is This Answer Correct ? | 39 Yes | 12 No |
Answer / suhasini modagi
Invoice is a list of price, rate, quantity, quality and we
can say that its all about bills of materials which are
dispatched.
Purchase order is the list of materials ordered by the
company to the mfrs.
| Is This Answer Correct ? | 27 Yes | 3 No |
Answer / lembris
purchase order is the document to inform the supplier about
the items to be supplied while invoice is a claim raised by
the supplier concerning goods supplied
| Is This Answer Correct ? | 10 Yes | 2 No |
Answer / naveen kumar m c
PURCHASE ORDER
A purchase order (PO) is a commercial document issued by a buyer to a seller, indicating types, quantities, and agreed prices for products or services the seller will provide to the buyer. Sending a purchase order to a supplier constitutes a legal offer to buy products or services. Acceptance of a purchase order by a seller usually forms a one-off contract between the buyer and seller, so no contract exists until the purchase order is accepted. It is used to control the purchasing of products and services from external suppliers
INVOICE
An invoice or bill is a commercial document issued by a seller to the buyer, indicating the products, quantities, and agreed prices for products or services the seller has provided the buyer. An invoice indicates the buyer must pay the seller, according to the payment terms. The buyer has a maximum number of days in which to pay for these goods and is sometimes offered a discount if paid before the due date.
In the rental industry, an invoice must include a specific reference to the duration of the time being billed, so in addition to quantity, price and discount the invoicing amount is also based on duration. Generally each line of a rental invoice will refer to the actual hours, days, weeks, months, etc., being billed.
From the point of view of a seller, an invoice is a sales invoice. From the point of view of a buyer, an invoice is a purchase invoice. The document indicates the buyer and seller, but the term invoice indicates money is owed or owing. In English, the context of the term invoice is usually used to clarify its meaning, such as "We sent them an invoice" (they owe us money) or "We received an invoice from them" (we owe them money).
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / tanmoy
Purchase order is the confirmation of delivery of material.
Invoice is made when material will deliver.
| Is This Answer Correct ? | 19 Yes | 31 No |
Answer / suhasini modagi
purchase order comes after Invoice i can say, after
confirmation of all the price quoted in the invoice we will
be decide to purchase right.
Invoice is nothing but it is like quote summary of price of
goods/materials
| Is This Answer Correct ? | 6 Yes | 35 No |
A company disposed its old asset at rate lesser than its wdv Then how it will recorede and under what account group
what is the meaning of prepaid insurance and outstanding salary? please explain with example.
In SAP FICO How many ways we are Procuring the assets in the Company?
What is meant by Capital Loss
hai everybody... wish u all the best for those who got selected in sbi associate bank is anyone from coimbatore region attending on 27th may 2009.
0 Answers State Bank Of India SBI,
WHAT IS B.E.P. CHART
on fellowing which assest shouldn't be depriciate?a) furniture , b)television c)goodwill d)printer
40. If revenue was $70,000, expenses were $59,000, and the owner’s withdrawals were $25,000, the amount of net income or net loss was: a) net income of $11,000 b) Net income of $36,000 c) Net loss of $59,000 d) Net income of $70,000
On 01-04-2006 Mr. Dhanpal started business with Rs.2,00,000 cash and opened a bank account with Rs.1,50,000. He purchased furniture for his business for Rs.25,000. Goods were bought from Deendayal for Rs.50,000 on credit. He sold goods for Rs.27,000 in cash and 30,000 on credit. He paid Rs. 2,500 for business expenses during April month. Rs. 10,000 was withdrawn for office purposes from the bank. Find out the closing balance of cash and bank.
What is BRC & FIRC
explain about mergers & aquisitions? asked on 30/7/09
what is balance sheet?
15 Answers State Bank Of India SBI,
Audit 
