IS purchase order is raised only for the credit sales
nageshwara rao (ACCOUNTANT) (29 Points)
28 April 2015IS purchase order is raised only for the credit sales
CA AnKiT BoHrA (AB)
(Manager)
(25955 Points)
Replied 28 April 2015
usually it does.. but there are no restrications.. you can do that for cash purchase also...!!
nageshwara rao
(ACCOUNTANT)
(29 Points)
Replied 28 April 2015
what is the purpose of purchase order sir
CA AnKiT BoHrA (AB)
(Manager)
(25955 Points)
Replied 28 April 2015
Purchase order is given so that all conditions restrications wil b there in an document, rather than being telephonic.. you need documents approved.. A PO is a legal document...
If you place a order on phone and laters cancel it... no party can do anything of tis..but u have forwarded a approved PO to party.. Party can claim compensation if you cancels it
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