Answer Posted / manjunath

Three types.
1. Individual / Regular Purchase Order :-
It is used for one time purchase.

2. Blanket Purchase Order :-
This po is used when the buyer wants to purchase
the same material many number of times from the single
Seller.

3. Limited Purchase Order :-
Here the amount is fixed, and the suppier supplys
the material as and when the buyer requires untill the
quantity or amount is less than or equall to the PO amount.

please provide wct retun guide line how can prepaire that

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In Pricing the gallons of petrol sold,service station 'A' follows the first-in-first-out method,while service station'B'follows last-in-first-out method.On 1st January both has the same quantity in stock viz.6,000 gallons at Rs.26 per gallon.During the month,each station recieved additional supplies of 6,000 gallons at Rs.27.50 per gallon.Sales for each of these two stations,during the month,were 8,800 gallons at Rs.29 per gallon. Determine for each service station,profit earned during the month and value of the petrol in stock at close of the month.

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