How many types of Purchase Orders are there ?
- 2 Answers
- 6426 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 |
outstanding expenses are the expenses that "unpaid"at the end of the accounting period e.g.salaries rent so they all come to under nominal accounts which is debt all expenses and losses and credit all gains since they are unpaid hence they must be credited
What is meant by the word Liquidation. Give examples
what are the suggestions to control NPA in rural areas?
0 Answers State Bank Of India SBI,
In what cases can Convertible bonds be considerred as derivatives?
what is the Assessment Year for the Previous year 2008-09
What do you mean by / what is working capital management..?
EXPAND______________RTGS
What is Ledger
Short Answer on ______________House Rent allowance
sir,how to get strong position in finance .how to get good position in company. qulification.Msc,MBA
Expand B E S
what is MERCANTILE Accounting system? how many accounting systems are followed in India
Audit 
