PURCHASE REQUISITION Definition

Bookmark and Share

PURCHASE REQUISITION is a written request for goods to be purchased. It is usually prepared by a department head or manager and sent to a firms purchasing department.

Learn new Accounting Terms

MATCHING, in accounting, is the matching of invoices to purchase orders and delivery notes prior to payment.

OPERATING ASSETS are long-term, or non-current, assets acquired for use in the business rather than for resale; includes property, plant, and equipment; intangible assets; and natural resources.

Suggest a Term

Enter Search Term

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