REQUISITION Definition

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REQUISITION is a written request to buy something. Usually, once approved, the requisition is then transformed into a purchase order.

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SUPPORTING DOCUMENTS assist in making a case (prove a point or forward an argument) by providing additional depth and analysis for much of the case in question. See SOURCE DOCUMENTS.

CAPITAL LOSS is the excess of purchase price over selling price when the assets have been held for more than a certain period of time and which is given a special treatment for tax purposes.

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