Interested to Buy Any Domain ? << Click Here >> for more details...
How many types of Purchase Orders are there ?
- 2 Answers
- 7209 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / harsha
Purchase order is a commercial document issued by buyer to
a seller indicating the type,quantities and agreed prices
of products or services that the seller will provide to
buyer.Gradually there are there types of purchase order.
1) Blanket purchase order-this is used for low cost item(eg-
stationary)are purchased frequently.the po is issued with
the limit on purchase amount.Within that amount the buyer
can keep ordering the material as frequently required.when
the po limit is exhausted a fresh po is created.
2)standard purchase order-this are most commanly used
purchase order.In this case the buyer has the detail about
what he or she is buying like quantity,price,delivery
schedule etc.
3)Planned purchase order-The buyer commits to buy from the
supplier over a long term(e.g.raw materials for
construction project like cement,steel,glass,bricks
etc).the tentive delivary schedules are agreed upon along
with estimates of qauntity and price of goods/services.this
helps bring down the inventory that buyer may have to hold
to avoid outages.this also enables JIT supplies.
| Is This Answer Correct ? | 8 Yes | 3 No |
Answer / kjayababu
material purchage order
labour purchage order
| Is This Answer Correct ? | 2 Yes | 5 No |
what is taxation
Expand DEHM
What are the main things to see which making a Balance Sheet ??
WHEN CREDITORS SHOULD BE COME UNDER DEBTORS IN WHAT SITUATIONS EXPLAIN WITH EXAMPLES
Even if Trial balance tallies.there will show some errors why? what is the reason?
How can Goods Received Note (GRN) be cancelled?
my boss (Managing Partner of a firm) promoted along with his wife a private limited company. he and she spent some Rs. 75,000/- (approx) for the promotion of the company. i know that they usually fall under the head of preliminary expenses. but after receiving the certification of incorporation of the company how shall i repay them to the promoters i.e. what is the accounting entry in the books (initial books of accounts) for the expenditure incurred. they have kept in hand 5,00,000/- each to meet the expenses and they were allotted shares of equal to the amount. can i allot shares for a consideration of cash from and excluding the preliminary expenses. can i take cash towards the share application money (being the cash more than Rs. 20,000/-) as the company has not opened a bank account yet. please give me the detailed answer with journal entries that can be entered in tally. thank you.
what is sox ?
IN PROFIT AND LOSS ACCOUNT WE MAY EITHER GET PROFIT OR LOSS.SO WHY IT IS PROFIT AND LOSS ACCOUNT INSTEAD OF PROFIT OR LOSS ACCOUNT ?
Expand--------STSC
why should the company give first perference to the perference shareholders?
journal entry for drawings?
Audit 
