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

INDUCTIVE ACCOUNTING THEORY (scientific method) assumes accounting standards are somewhat like evolution of a species in nature --- survival of the fittest. It relies heavily upon controlled experimentation (e.g., behavioral accounting research) and statistical testing (e.g., capital markets "events" studies of the impact of accounting information on market prices and volume of transactions).

TREND is the general direction in which something tends to move.

Suggest a Term

Enter Search Term

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