insightsoftware Accountant Interview Questions and Answers

A purchase order is a document issued by a buyer to a seller, indicating types, quantities, and agreed prices for products or services.

• Purchase orders are used in business transactions to ensure both parties are in agreement on the terms of the sale.

• They typically include details such as item descriptions, quantities, prices, payment terms, and delivery dates.

• Purchase orders help track expenses, manage inventory, and p...read more

The process of purchase involves identifying needs, researching options, making a selection, negotiating terms, and completing the transaction.

• Identify the need for a product or service

• Research available options and compare prices

• Make a selection based on budget and requirements

• Negotiate terms such as price, delivery, and payment

• Complete the transaction by making the purchase