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Sir what is the difference of quotation and purchase order? Both seems the same?
If you are thinking of buying something, you might first ask the supplier for the price – when they tell you what the price will be they are giving you a quotation.
If you decide to buy and send the supplier a document listing what you want to buy, then this is a purchase order.
Have you read Chapter 28 of our free lecture notes?
Why will suppliers be requesting goods??
If we are buying goods then we send the supplier a purchase order.
If a customer (for example) rings up wanting us to sell them some goods, then we will complete a sales order (and send it to our department that sends goods to customers).
Oh thanks 🙂 but can u also explain Goods received note? I’m not a good reader
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