
Concept explainers
Purchase requisition:
Process of purchase or procurement of specified quantity of material for it availability at the time of requirement is known as purchase requisition.
Purchase order:
A document displays details of material to be purchased is called purchase order. Buyer makes this document and which permits purchase transaction. It is also known as PO.
Invoice:
Invoice is a document which shows details of goods and service provided to a party and thereby requests for payment to be made.
Receiving report:
Document presents information about the received goods such as quantity, weight, description, and seller’s details.
Invoice approval:
The procedure tells about the requirements before invoice amount being paid. In other words it is an approval process.
Voucher:
Voucher is a document which holds details of a particular transaction and with the help of which entry made in the books of accounts.
To identify: Match the document column with the given descriptions in column two.

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Chapter 6 Solutions
GEN COMBO FINANCIAL AND MANAGERIAL ACCOUNTING; CONNECT ACCESS CARD
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