Question

After approval of a purchase has been obtained, the purchasing agent completes a prenumbered ________ that identifies the supplier, the delivery location, and the approved quantity and cost.

Answer 1

Once a purchase has been approved, the purchasing agent fills out a prenumbered purchase order detailing supplier information, delivery location, and specifics on quantity and cost. The purchase order serves as a formal request for goods or services under agreed-upon terms.

Step-by-step explanation:

After approval of a purchase has been obtained, the purchasing agent completes a prenumbered purchase order that identifies the supplier, the delivery location, and the approved quantity and cost. A purchase order is a formal and legally binding document sent to a vendor requesting goods or services at specified conditions. It typically includes the company's name, address, items purchased, quantities, prices, delivery instructions, and terms of payment. Purchase orders help in managing inventories, budgeting, and maintaining documentation for financial transactions within an organization.