Explain the difference between the purchase requisition and the purchase order.

Question

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Answer 1

Question

Chapter 5, Problem 1RQ

To determine

Explain the difference between the purchase requisition and the purchase order.

Expert Solution & Answer

Explanation of Solution

Purchase Requisition:

Purchase requisition is pre requisite of purchase order; which is prepared to start the purchase process. The purchase requisition is marched further into forming the purchase order.

The difference between purchase requisition and purchase order is defined in following table:

Purchase Requisition	Purchase Order
The purchase requisition generally contains the name of principle supplier, the reorder level of quantity and the costs to be incurred for the product.	The purchase order contains the one or more purchase requisitions.
The purchase requisition is prepared to accommodate the purchase department.	The purchase order is prepared to accommodate the buyer of product.

Table (1)

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Students have asked these similar questions

Design a purchase requisition, purchase order and purchase specification

A. What document is used to create the Purchase Order in the Expenditure Cycle and wheredoes it come from?B. Who creates the Purchase Order?C. Who gets copies of the Purchase Order?In the space below, please answer parts A, B, and C.

Why is a “blind” purchase order used as a receiving report document?

Answer 2

Question

Chapter 5, Problem 1RQ

To determine

Explain the difference between the purchase requisition and the purchase order.

Expert Solution & Answer

Explanation of Solution

Purchase Requisition:

Purchase requisition is pre requisite of purchase order; which is prepared to start the purchase process. The purchase requisition is marched further into forming the purchase order.

The difference between purchase requisition and purchase order is defined in following table:

Purchase Requisition	Purchase Order
The purchase requisition generally contains the name of principle supplier, the reorder level of quantity and the costs to be incurred for the product.	The purchase order contains the one or more purchase requisitions.
The purchase requisition is prepared to accommodate the purchase department.	The purchase order is prepared to accommodate the buyer of product.

Table (1)

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Answer 3

Question

Chapter 5, Problem 1RQ

To determine

Explain the difference between the purchase requisition and the purchase order.

Expert Solution & Answer

Explanation of Solution

Purchase Requisition:

Purchase requisition is pre requisite of purchase order; which is prepared to start the purchase process. The purchase requisition is marched further into forming the purchase order.

The difference between purchase requisition and purchase order is defined in following table:

Purchase Requisition	Purchase Order
The purchase requisition generally contains the name of principle supplier, the reorder level of quantity and the costs to be incurred for the product.	The purchase order contains the one or more purchase requisitions.
The purchase requisition is prepared to accommodate the purchase department.	The purchase order is prepared to accommodate the buyer of product.

Table (1)

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Answer 4

Question

Chapter 5, Problem 1RQ

To determine

Explain the difference between the purchase requisition and the purchase order.

Expert Solution & Answer

Explanation of Solution

Purchase Requisition:

Purchase requisition is pre requisite of purchase order; which is prepared to start the purchase process. The purchase requisition is marched further into forming the purchase order.

The difference between purchase requisition and purchase order is defined in following table:

Purchase Requisition	Purchase Order
The purchase requisition generally contains the name of principle supplier, the reorder level of quantity and the costs to be incurred for the product.	The purchase order contains the one or more purchase requisitions.
The purchase requisition is prepared to accommodate the purchase department.	The purchase order is prepared to accommodate the buyer of product.

Table (1)

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Answer 5

Chapter 5, Problem 1RQ

To determine

Explain the difference between the purchase requisition and the purchase order.

Expert Solution & Answer

Explanation of Solution

Purchase Requisition:

Purchase requisition is pre requisite of purchase order; which is prepared to start the purchase process. The purchase requisition is marched further into forming the purchase order.

The difference between purchase requisition and purchase order is defined in following table:

Purchase Requisition	Purchase Order
The purchase requisition generally contains the name of principle supplier, the reorder level of quantity and the costs to be incurred for the product.	The purchase order contains the one or more purchase requisitions.
The purchase requisition is prepared to accommodate the purchase department.	The purchase order is prepared to accommodate the buyer of product.

Table (1)

Answer 6

Chapter 5, Problem 1RQ

To determine

Explain the difference between the purchase requisition and the purchase order.

Expert Solution & Answer

Explanation of Solution

Purchase Requisition:

Purchase requisition is pre requisite of purchase order; which is prepared to start the purchase process. The purchase requisition is marched further into forming the purchase order.

The difference between purchase requisition and purchase order is defined in following table:

Purchase Requisition	Purchase Order
The purchase requisition generally contains the name of principle supplier, the reorder level of quantity and the costs to be incurred for the product.	The purchase order contains the one or more purchase requisitions.
The purchase requisition is prepared to accommodate the purchase department.	The purchase order is prepared to accommodate the buyer of product.

Table (1)

Answer 7

Chapter 5, Problem 1RQ

To determine

Explain the difference between the purchase requisition and the purchase order.

Answer 8

Expert Solution & Answer

Explanation of Solution

Purchase Requisition:

Purchase requisition is pre requisite of purchase order; which is prepared to start the purchase process. The purchase requisition is marched further into forming the purchase order.

The difference between purchase requisition and purchase order is defined in following table:

Purchase Requisition	Purchase Order
The purchase requisition generally contains the name of principle supplier, the reorder level of quantity and the costs to be incurred for the product.	The purchase order contains the one or more purchase requisitions.
The purchase requisition is prepared to accommodate the purchase department.	The purchase order is prepared to accommodate the buyer of product.

Table (1)

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

Ch. 5 - Prob. 1RQ Ch. 5 - What purpose does a purchasing department serve?Ch. 5 - Prob. 3RQ Ch. 5 - Prob. 4RQ Ch. 5 - Prob. 5RQ Ch. 5 - Prob. 6RQ Ch. 5 - Prob. 7RQ Ch. 5 - Prob. 8RQ Ch. 5 - Prob. 9RQ Ch. 5 - Some organizations do not use an AP subsidiary...

Explain the difference between the purchase requisition and the purchase order.

Explain the difference between the purchase requisition and the purchase order.

Explanation of Solution

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