Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › Busineas transaction
- This topic has 5 replies, 2 voices, and was last updated 8 years ago by John Moffat.
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- May 3, 2016 at 12:22 am #313429
Sir what is the difference of quotation and purchase order? Both seems the same?
May 3, 2016 at 8:21 am #313472If 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?
May 3, 2016 at 8:23 am #313475And sales order is where suppliers issue them for request for goods?
May 3, 2016 at 8:54 am #313485Why 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).
May 4, 2016 at 12:45 am #313586Oh thanks 🙂 but can u also explain Goods received note? I’m not a good reader
May 4, 2016 at 7:24 am #313620I can’t keep typing out what is in the lecture notes – I don’t understand what difference it makes reading it here or reading it in the lecture notes 🙂
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