A document identifying the description,vendor,quantity,and related information for goods and services the company intends to purchase is the
A)purchases catalogue.
B)purchase requisition.
C)receiving report.
D)purchase order.

Question

Quizplus · Accepted Answer

A purchase order is a document that outlines the details of a purchase, including the description of the goods or services, the vendor, the quantity, and other related information. It serves as a legally binding contract between the buyer and the supplier, and specifies the terms and conditions of the purchase, such as delivery date and payment. The other options, such as a purchases catalogue, purchase requisition, and receiving report, are related to the process of purchasing but do not serve as an order for goods/services.

A Document Identifying the Description,vendor,quantity,and Related Information for Goods and Services