Fundamentals of accounting

What is purpose of Purchase Order?

• Buying or acquiring goods or services

• Monitor payment and acquiring the goods and services

• Buying for demand

• Buy without necessary and demand

What is purpose of Purchase?

• To inform buyer for related transaction

• Commercial document issued by a buyer to a seller

• To create opportunity in market

• To ensure the demand will be priority

Goods Received Note (GRN) is refer to sales

• True

• False

Quotation is estimation provide by seller

• True

• False

What is main purpose of Sales Order?

• To check with customer needs

• To send sales details to customer

• To create source of sales

• To record and confirm sales by customer

What is the main objective of Sales Invoice?

• Provide a detailed and accurate record of a transaction

• To record what ever in the process of PO

• To ensure all the details will be appear in the invoice

• Give the list of the product require by customer

Choose the correct answer for Cost Centre.

• cost centre is a department, function, project, or any other unit

• To allocate cost in certain area

• Cost centre to measure of strength of department

• Sorting the area for related department

Credit Note refer to reduce value from Invoice

• True

• False

Debit Note to increace value of Invoice

• True

• False

Delivery Order can be load from Purchase Order

• True

• False