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Categories >> Accounting >> Accounting AllOther
 
 


 

 
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 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4359)
Question
How many types of Purchase Orders?
 Question Submitted By :: Accounting-AllOther
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
There are four types of purchase orders.
1)Standard:This PO is created for one-time purchase of
material.
2)Blanket:In this PO delivery schedule are not known
clearly.
3)contract: In this PO material required are not specified.
4)planned: It is a long term agreement po. In this PO it
specifies materials,estimated costs, and tentative delivery
schedules.
 
Is This Answer Correct ?    69 Yes 16 No
Pavan Kumar Bpm
 
Answer
# 2
There are six types of purchase order,these are given below.

1. purchase order (p.o) type
2. blanket purchase order
3. consultant/ independent purchase order ( request for
services)
4. notice of order expiration: blanket/standing order
5. regular purchase order
6. standing purchase order.
 
Is This Answer Correct ?    56 Yes 31 No
N.kalavathi
 
 
 
Answer
# 3
Three types.
1. Individual / Regular Purchase Order :-
It is used for one time purchase.

2. Blanket Purchase Order :-
This po is used when the buyer wants to purchase
the same material many number of times from the single
Seller.

3. Limited Purchase Order :-
Here the amount is fixed, and the suppier supplys
the material as and when the buyer requires untill the
quantity or amount is less than or equall to the PO amount.
 
Is This Answer Correct ?    12 Yes 6 No
Manjunath
 
Answer
# 4
Purchasing provides the following purchase order types:
Standard Purchase Order, Planned Purchase Order, Blanket
Purchase Agreement, and Contract Purchase Agreement. You can
use the Document Name field in the Document Types window to
change the names of these documents. For example, if you
enter Regular Purchase Order in the Document Name field for
the Standard Purchase Order type, your choices in the Type
field in the Purchase Orders window will be Regular Purchase
Order, Planned Purchase Order, Blanket Purchase Agreement,
and Contract Purchase Agreement.
 
Is This Answer Correct ?    3 Yes 0 No
Srinivas
 
Answer
# 5
Blanket purchase orders
Used for an unlimited number of orders. Blanket purchase
order numbers that will be accepted when placing an order
must be specified in the business account before buyers
attempt to specify a blanket purchase order number.

Limited purchase orders
Used for orders where the total amount of all orders
made specifying the limited purchase order number does not
exceed a spending limit. The spending limit for a limited
purchase order is recorded and used to validate orders that
specify a limited purchase order number to ensure the
spending limit is not exceeded. Limited purchase order
numbers that will be accepted when placing an order must be
specified in the business account before buyers attempt to
specify a limited purchase order number.

Individual purchase orders
Used for one order and acceptable purchase order numbers
are not predefined. You can specify that customers must use
a unique purchase order number for each order placed on
behalf of a business account. If you do not require a unique
purchase order number for each order, customers may reuse
purchase order numbers.
 
Is This Answer Correct ?    10 Yes 9 No
Mujju
 
Answer
# 6
5 Types of P.O.

1. blanket purchase order
2. consultant/ independent purchase order ( request for
services)
3. notice of order expiration: blanket/standing order
4. regular purchase order
5. standing purchase order.
 
Is This Answer Correct ?    1 Yes 1 No
H.c.pant
 
Answer
# 7
purchase order is a commercial document which is issued by the purchaser to the seller for ordering goods or serves.
purchase order creates legal agreement between purchaser and the seller.
purchase order is two types
1 literal order and
2 oral order.
 
Is This Answer Correct ?    9 Yes 22 No
Chandu
 
Answer
# 8
Purchase order is an order it contains
1.name of the customer
2.name of the supplier
3.Description * specification of material
4.quantity ordered
5.date & place of delivery
 
Is This Answer Correct ?    10 Yes 30 No
S.srinu
 

 
 
 
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