What name is given to the purchasing document that is completed by the buyer and given to the supplier?

What name is given to the purchasing document that is completed by the buyer and given to the supplier?

• A. FOB origin
• B. Purchase order
• C. Invoice
• D. Purchase requisition

Answer: (B)

In procurement, the document a buyer completes and sends to the supplier is the purchase order. It formally authorizes the purchase and lays out the specifics — items, quantities, agreed prices, delivery date, and payment terms — functioning as a binding agreement once the supplier accepts it. A requisition is an internal request to initiate a purchase, an invoice is a bill from the seller after goods or services are provided, and FOB origin is a shipping term, not a purchasing document.

In procurement, the document a buyer completes and sends to the supplier is the purchase order. It formally authorizes the purchase and lays out the specifics — items, quantities, agreed prices, delivery date, and payment terms — functioning as a binding agreement once the supplier accepts it. A requisition is an internal request to initiate a purchase, an invoice is a bill from the seller after goods or services are provided, and FOB origin is a shipping term, not a purchasing document.