The purchase order
A)is the source document to make an entry into the accounting records
B)indicates item description, quantity, and price
C)is prepared by the inventory control department
D)is approved by the end-user department

Question

Quizplus · Accepted Answer

The purchase order typically includes the item description, quantity, and price, among other details. It is used to initiate the buying process and serves as a record of the agreement between the buyer and the seller. While the inventory control and end-user departments may be involved in the purchase order process, it is not prepared exclusively by them or approved by them. The purchase order serves as a source document for recording the transaction in the accounting records.

The Purchase Order