PURCHASE ORDER Definition

Bookmark and Share

PURCHASE ORDER is a written authorization for a vendor to supply goods or services at a specified price over a specified time period. Acceptance of the purchase order constitutes a purchase contract and is legally binding on all parties.

Learn new Accounting Terms

SPECIAL JOURNAL contains records of original entry other than the general journal that are designed for recording specific types of transactions of similar nature, e.g. Sales Journal, Purchase Journal, Cash Receipts Journal, Cash Disbursements Journal, and Payroll Journal.

WON is a currency of North Korea and South Korea.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.