In the Procurement Process,which Department Creates the Purchase Requisition

question 17

Multiple Choice

In the procurement process,which department creates the Purchase Requisition?

• A)Sales
• B)Purchasing
• C)Warehouse
• D)Accounting

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Definitions:

Accounting Equation

The basic principle that equates assets with the sum of liabilities and shareholders' equity, formulated as Assets = Liabilities + Equity.

Liabilities

Financial obligations or debts that an entity owes to external parties, which must be settled over time through the transfer of economic benefits.

Stockholders' Equity

The residual interest in the assets of a corporation after deducting liabilities, representing owners' claims on the company's resources.

Increase Assets

The process by which a company's resources, valuable to its operations and financial growth, are augmented or enlarged.