What is a Purchase Order? Definition, Meaning, Creation & Presentation

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Published date: 11 Nov, 2023 10:37 AM
  • Location: India
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A Purchase Order (PO) is a buyer generated document that authorizes the purchase transaction. When the purchase is accepted by the seller, it becomes a contract binding both parties.
Pros of Purchase Order
-Avoid duplicate order
-Serves as legal documents
-Keep track of the upcoming orders
-Better budgeting
-Faster delivery

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Useful information

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