The purchase order for one firm is the source document for the sales order of another firm. Consider the following purchase order and sales order data elements stored for two firms. Discuss any differences that may be problematic in transferring information between the two firms.Purchasing Firm:GH BETTISA Division of Galveston-Houston Corp.1200 Post Oak Blvd.P.O. Box 4768Houston, TX 77637-9877Data ElementsVendor NumberVendor NameVendor AddressVendor CityVendor StateVendor CountryVendor Zip CodePurchase Order No.DateShipment Destination CodeVendor Part No.Item DescriptionQuantity OrderedUnit PriceTotalSelling Firm:Oakland Steel Company469 Lakeland Blvd.Chicago, IL 60613-8888Data ElementsCustomer NumberCustomer NameCustomer AddressCustomer CityCustomer StateCustomer CountryCustomer Zip CodePurchase Order No.Sales Order No.DateShipping CompanyVendor Part No.Item DescriptionQuantity OrderedUnit PriceTotalDiscount OfferedTaxFreight Charges

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The purchase order for one firm is the source document for the sales order of another firm. Consider the following purchase order and sales order data elements stored for two firms. Discuss any differences that may be problematic in transferring information between the two firms.
Purchasing Firm:
GH BETTIS
A Division of Galveston-Houston Corp.
1200 Post Oak Blvd.
P.O. Box 4768
Houston, TX 77637-9877
Data Elements
Vendor Number
Vendor Name
Vendor Address
Vendor City
Vendor State
Vendor Country
Vendor Zip Code
Purchase Order No.
Date
Shipment Destination Code
Vendor Part No.
Item Description
Quantity Ordered
Unit Price
Total
Selling Firm:
Oakland Steel Company
469 Lakeland Blvd.
Chicago, IL 60613-8888
Data Elements
Customer Number
Customer Name
Customer Address
Customer City
Customer State
Customer Country
Customer Zip Code
Purchase Order No.
Sales Order No.
Date
Shipping Company
Vendor Part No.
Item Description
Quantity Ordered
Unit Price
Total
Discount Offered
Tax
Freight Charges

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