A Requisition

question 220

Multiple Choice

A requisition

• A) is only used for nonroutine purchases.
• B) is the same as a purchase order.
• C) sets the terms under a negotiated contract.
• D) is a formal contract between a buyer and a seller.
• E) None of these choices is correct.

Calculate net income or loss by analyzing changes in owner's equity.

Understand and apply accounting terminology relevant to sole proprietorships.

Identify and explain the major fields and career opportunities in accounting.

Analyze financial statements and identify missing information.