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

Question

Quizplus · Accepted Answer

A purchase order is a document used by a company to authorise a purchase transaction. It identifies the goods or services being purchased, the supplier, the quantity, and other relevant information. The purchase requisition is a request for goods or services, and the receiving report is a document used to confirm the receipt of goods. A purchase catalogue is a catalogue of items available for purchase, but it does not provide specific information about a particular transaction.

A Document Identifying the Description, Supplier, Quantity and Related Information