The Document That the Purchasing Department Prepares and Sends to the Vendor

question 2

Multiple Choice

The document that the purchasing department prepares and sends to the vendor to place an order is called the

• A)Purchase requisition.
• B)Purchase order.
• C)Invoice.
• D)Receiving report.
• E)Invoice approval.

---

Definitions:

NSF Check

A check that has been returned by the bank because the account on which it was drawn did not have sufficient funds.

Deposits In Transit

Funds that have been sent to a bank but not yet recorded in the bank's records, resulting in a discrepancy between the company's cash records and bank statement.

Bank Service Charge

A fee charged by a bank to a customer for account maintenance or other banking services.

NSF

An acronym for Non-Sufficient Funds, referring to a situation where a bank account does not have enough money to cover a presented check or withdrawal.