Which of the following statements is true about a purchase order? O a. It is a company's written offer to buy goods. O b. It is recorded as a purchase on its issue date by the purchasing company- O c. It is approved only after a supplier indicates acceptance of an order. O d. It is issued to a Purchasing Department by a Manufacturing Department.
Which of the following statements is true about a purchase order? O a. It is a company's written offer to buy goods. O b. It is recorded as a purchase on its issue date by the purchasing company- O c. It is approved only after a supplier indicates acceptance of an order. O d. It is issued to a Purchasing Department by a Manufacturing Department.
Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter9: Auditing The Revenue Cycle.
Section: Chapter Questions
Problem 4CYBK
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![Which of the following statements is true about a purchase order?
O a. It is a company's written offer to buy goods.
O b. It is recorded as a purchase on its issue date by the purchasing company.
O c. It is approved only after a supplier indicates acceptance of an order.
O d. It is issued to a Purchasing Department by a Manufacturing Department.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8047a4af-435b-4156-8ef4-087511691da3%2Ff4536200-b395-42d4-873c-6e62353cfd8e%2F5jpberj_processed.png&w=3840&q=75)
Transcribed Image Text:Which of the following statements is true about a purchase order?
O a. It is a company's written offer to buy goods.
O b. It is recorded as a purchase on its issue date by the purchasing company.
O c. It is approved only after a supplier indicates acceptance of an order.
O d. It is issued to a Purchasing Department by a Manufacturing Department.
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